Which of the following is NOT true about the MACRS depreciation system? A. Residential rental buildings are depreciated over 27.5 years straight-line. B. MACRS uses a half-year convention method C. Commercial real estate buildings are depreciated over 39 years straight-line. D. MACRS depreciation is no longer used for tax returns.
Which of the following is NOT true about the MACRS depreciation system? A. Residential rental buildings are depreciated over 27.5 years straight-line. B. MACRS uses a half-year convention method C. Commercial real estate buildings are depreciated over 39 years straight-line. D. MACRS depreciation is no longer used for tax returns.
Chapter8: Depreciation And Sale Of Business Property
Section: Chapter Questions
Problem 6MCQ: Which of the following is not true about the MACRS depreciation system: A salvage value must be...
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Which of the following is NOT true about the MACRS depreciation system?
A. Residential rental buildings are depreciated over 27.5 years straight-line.
B. MACRS uses a half-year convention method
C. Commercial real estate buildings are depreciated over 39 years straight-line.
D. MACRS depreciation is no longer used for tax returns.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT