Provide an appropriate response.The modified accelerated cost-recovery system (MACRS) is characterized by:

A. the length of time over which an asset can be depreciated is determined by the property class
B. all of these apply to MACRS
C. it was implemented for property placed in service after 1986
D. it consists of the general depreciation system and the alternative depreciation system


Answer: B

Mathematics

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B.

C.

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