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:

Maximum Combinations

In the context of production possibility curves, it refers to the different combinations of goods or services that can be produced using all available resources and technology to the fullest.

Money Income

The total income received by an individual or household in monetary form, including salaries, wages, and benefits.

Utility-maximizing

The approach by which individuals choose among available options to derive the greatest personal benefit or satisfaction.

Price Decreases

A reduction in the cost of goods or services, typically resulting from lower demand, increased supply, or external market factors.