The MACRS differs from straight-line depreciation computed for financial reporting. In this respect, which of the following is not true?
A) The MACRS uses longer asset lives.
B) The MACRS ignores residual value.
C) The MACRS decreases the income taxes payable in the early years of an asset's life.
D) The MACRS accelerates cost recovery.
A
You might also like to view...
Which of the following statement is False?
a. Minimal amounts of inventory are carried under the pull system. b. The pull system is a more environmentally sustainable business model than the push system. c. There is more inventory carried under the push system than the pull system. d. Current sales demand and current production are poorly correlated in the pull system.
A company pays $12,000 to purchase a one-year insurance policy. Record the transaction.
What will be an ideal response?
Monica works as a salesperson in a retail clothing store. Of the five stages in the selling process, Monica is least likely to engage in
A. generating and qualifying leads. B. closing the sale. C. making the preapproach. D. following up. E. making a sales presentation.
As the degree of service customization decreases, managers have more opportunity to focus on cost and productivity
Indicate whether the statement is true or false.