Which of the Following Is Not a Characteristic of MACRS

question 33

Multiple Choice

Which of the following is not a characteristic of MACRS for property other than real estate?

• A) MACRS uses shorter asset lives.
• B) MACRS increases taxable income in the early years of the asset's life.
• C) MACRS accelerates cost recovery.
• D) MACRS ignores salvage value.

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Definitions:

Active Participation

Involvement in activities or situations where individuals actively engage and contribute, rather than being passive observers.

Protodeclarative Pointing

A form of gesture, often observed in young children, used to draw attention to objects or events of interest.

Receptive Vocabulary

The stock of words a person understands when heard or read, as opposed to those they can actively use (expressive vocabulary).

Productive Vocabulary

The set of words a person can actively use in speech or writing, as opposed to the words they can only recognize when heard or seen.