A depreciation method that allocates depreciation of a plant asset based on the Tax Act of 1989 is the _______ method.A. straight-line B. units-of-production C. modified accelerated cost recovery D. double-declining-balance
My answer is A
Since this is asking about taxes, the IRS implemented rules to help taxpayers--who want to expense items as quickly as possible. Although straight line may be used for book purposes, it's usually MACRS for tax purposes to accelerate depreciation.
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