Which is not an allowable method under MACRS?
A. 200 percent declining balance.
B. 150 percent declining balance.
C. Straight-line.
D. Sum-of-the-years'-digits.
E. All of the choices are allowable methods under MACRS.
Answer: D
You might also like to view...
Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300 . Total stockholders' equity was $6,000 . The debt-to-equity ratio is
a. 0.63 b. 0.83 c. 1.42 d. 1.47
Though favorable volume variances are usually good news, if inventory levels are too high, additional production could be harmful
Indicate whether the statement is true or false
For time-dependent service providers such as airlines, physicians, and dentists, scheduling is often a more important factor than location
Indicate whether the statement is true or false a. True b. False
What is the purpose of protected person statutes?
A) To protect those who have diseases and are selling their homes from having that information disclosed B) To prevent discrimination by brokers and agents C) To provide protection for brokers and agents when the listing agreement terminates after buyers have seen the property D) To protect home buyers in dual agency relationships