The MACRS system requires that residential rental property and nonresidential real property be depreciated using the straight-line method.
Answer the following statement true (T) or false (F)
True
The straight-line method is the only acceptable method for real property under MACRS.
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An investor buys a stock for $10,000 and earns dividends of $250 during the course of the year. At the end of the year, the stock is worth $9,300. The capital-gains yield for the year is
A. 2.5 percent. B. ?2.5 percent. C. ?4.5 percent. D. ?7.0 percent.
Gary Goldwater has $5,000 in cash. He deposits $1,000 in his checking account, buys $500 of traveler's checks, puts $1,500 in his money-market mutual fund, and buys a $2,000 CD. How does this transaction affect M1 and M2?
What will be an ideal response?
The ending merchandise inventory is reported as a current asset on the balance sheet
Indicate whether the statement is true or false
Classify each of the following as either a one-time or recurring costs: training personnel initial programming and testing system design-one hardware costs software maintenance costs site preparation rent for facilities data conversion from old system to new system insurance costs installation of original equipment hardware upgrades