For the MACRS method of depreciation, identify (a) the six standardized recovery periods for personal property, (b) the two recovery periods for real property, (c) the assumed salvage value for personal property, and (d ) the default recovery period for an asset not in a stated GDS class.
What will be an ideal response?
(a) Personal property recovery periods are 3,5,7,10,15, or 20 years
(b) Real property recovery periods are 27.5 or 39 years
(c) Salvage value is always assumed to be zero
(d) Assets with no identifiable MACRS class have a 7 year recovery period
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__________ is not a characteristic of a non-contact interlock
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Shock can kill a victim as quickly as an injury.
Answer the following statement true (T) or false (F)