An Asset That Falls into the 3-Year MACRS Asset Class

question 53

Multiple Choice

An asset that falls into the 3-year MACRS asset class is fully depreciated over:

• A) 2 years.
• B) 3 years.
• C) 4 years.
• D) 5 years.

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Definitions:

Laissez-Faire Leaders

Leadership style characterized by a hands-off approach, allowing team members significant freedom in how they work and make decisions.

Transformational Leadership Theory

A leadership approach that causes change in individuals and social systems, inspiring followers to exceed their own interests for the good of the group or organization.

Charismatic Leadership

A leadership style characterized by the leader's ability to inspire and motivate followers through their charm and persuasive skills.

Implicit Leadership Theory

A theory that people have implicit beliefs and convictions about the attributes and behaviors that distinguish leaders from non-leaders.