Which of the Following Statements About MACRS Is False

question 45

Multiple Choice

Which of the following statements about MACRS is false?

• A)Depreciable assets are assumed to have no residual or salvage value.
• B)Every depreciable asset is assigned to one of ten recovery periods.
• C)Allowable depreciation methods are based on the assets assigned recovery period.
• D)None of the above is false.

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Definitions:

Organizing Process

The management function of assigning tasks, grouping tasks into departments, and allocating resources to achieve organizational objectives.

Democratic Leader

A leadership style characterized by involving team members in decision-making processes and promoting participation and collaboration.

Organize Process

A systematic method of arranging and coordinating activities or tasks to efficiently achieve a goal or output.

Logical Structure

Logical Structure refers to the conceptual organization and framework of an entity, such as a database or computer program, independent of its physical organization.