Help with accounting

Accounting
Tutor: None Selected Time limit: 1 Day

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

Apr 28th, 2015

C. MACRS

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. 


Apr 28th, 2015

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