The Modified Accelerated Cost Recovery System (MACRS) assumes that, on average, assets will be placed in service:
A. in the next tax year.
B. at the beginning of the tax year.
C. three months into the tax year.
D. halfway through the tax year.
E. at the end of the tax year.
Answer: D
You might also like to view...
What are the effects on the accounting equation when a company makes the adjustment to record bad debt expense using the allowance method?
a. Assets and owners' equity increase. b. Assets and owners' equity decrease. c. Assets increase and owners' equity decreases. d. Assets decrease and owners' equity increases.
When R&D discoveries in the United States operations of Anadarko Petroleum Corporation can easily be communicated to and accepted by its operations in Ghana, it is an example of Anadarko's absorptive capacity.
A. true B. false
CEOs often have stronger impact in young organizations.
a. true b. false
Which of these is NOT a well-known “worm” threat?
a. Slammer b. Code Red c. MyDoom d. MyPirate