Open and notorious possession requires the adverse possessor to give actual notice of possession to the title holder

Indicate whether the statement is true or false


False

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Which one of the following statements is not true?

A) Straight-line depreciation may be used instead of MACRS for income tax reporting. B) If MACRS is used for tax purposes, it must be used for book purposes. C) Salvage value is not considered when the MACRS system is in use. D) Economic lives may be different from MACRS lives.

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If a person declares personal bankruptcy for the second time, they are usually automatically discharged from all their debts within

A) 9 months B) 18 months C) 24 months D) 36 months E) 72 months

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In a CPU, _____________ arithmetic generally is easier to implement than _____________ arithmetic because of a simpler data coding scheme and data manipulation circuitry

Fill in the blank(s) with correct word

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Which socially responsible rule does Paul Brainerd, founder of the Brainerd Foundation in Seattle, Washington, suggest?

A. Wait until you are older to become socially responsible. B. Don't wait until later in life to begin giving back. C. Wait until the venture is well established before giving back. D. Go for something huge. E. None of these are correct.

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