Help with accounting

Accounting
Tutor: None Selected Time limit: 1 Day

According to the MACRS tax rate table, which of the following classes uses straight-line depreciation?
A. Residential rental property
   
B. Automobiles
   
C. Railroad tracks
   
D. Race horses

Apr 28th, 2015

A. Residential rental property



When using the straight line method, you apply a different depreciation rate each year to the adjusted basis of your property.

Apr 28th, 2015

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Apr 28th, 2015
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