MACRS depreciation is based on straight-line depreciation and is typically used for published financial statements.

Name: MACRS depreciation is based on straight-line depreciation and is typically used for published financial statements.
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MACRS (Modified Accelerated Cost Recovery System) is an accelerated depreciation method used for tax purposes in the United States, not for published financial statements, where straight-line or other methods may be used.

MACRS Depreciation Is Based on Straight-Line Depreciation and Is Typically