A Company Which Uses the MACRS System of Depreciation

question 30

Multiple Choice

A company which uses the MACRS system of depreciation:

• A)cannot expense any of the cost of a new asset during the first year of the asset's life.
• B)will expense the cost of nonresidential real estate over a period of 7 years.
• C)will write off the entire cost of an asset over the asset's class life.
• D)can depreciate the cost of land, if it so desires.
• E)will have equal depreciation costs each year of an asset's life.

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