Which of the Following Statements Is TRUE

question 44

Multiple Choice

Which of the following statements is TRUE?

• A)For most assets,MACRS approximates straight-line depreciation.
• B)MACRS depreciates assets over a longer useful life than would be expected from the asset.
• C)MACRS allows for greater depreciation expense in the later years of an asset's life,thus reducing the taxes a company will have to pay during those years.
• D)The purpose of MACRS is to increase a company's income tax liability in the early years of a fixed asset's life.
• E)None of the above

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Definitions:

Insula

A portion of the cerebral cortex folded deep within the lateral sulcus (the grove separating the temporal lobe from the rest of the cortex) involved in the processing of emotions, bodily sensations, and autonomic control.

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for rest and digestion, counterbalancing the sympathetic nervous system.

Sympathetic Nervous System

A part of the autonomic nervous system responsible for the body's 'fight or flight' response during stressful or threatening situations.

Adrenal Glands

Endocrine glands located above the kidneys that produce a variety of hormones including adrenaline and cortisol.