Which of the following depreciation methods is most commonly used for tax purposes?
A)MACRS.
B)Straight-line.
C)Units-of-production.
D)Double-declining balance.

Question

Quizplus · Accepted Answer

MACRS (Modified Accelerated Cost Recovery System) is the depreciation method most commonly used for tax purposes in the United States. It allows for larger depreciation deductions in earlier years and smaller deductions in later years, resulting in decreased taxable income in the earlier years. This method is preferred by most taxpayers due to its tax benefits.

Which of the Following Depreciation Methods Is Most Commonly Used