The client is a corporation which uses high-tech equipment to manufacture its product.Because of the high level of wear and tear due to long production runs and frequent technology changes,the client usually replaces the equipment every two years.According to IRS guidance,the MACRS life of the equipment is five years.In order to accelerate depreciation deductions,which tax depreciation option should the client elect?
A) alternative depreciation system (ADS)
B) regular MACRS treatment
C) MACRS with a straight-line election
D) units-of-production method
Correct Answer:
Verified
Q76: In April of 2018,Brandon acquired equipment which
Q77: On January 1 of the current year,Dentux
Q78: In February 2019,Pietra acquired a new automobile
Q79: If a company acquires goodwill in connection
Q80: A taxpayer owns an economic interest in
Q82: Jimmy acquires an oil and gas property
Q83: Intangible drilling and development costs (IDCs)may be
Q84: Under what circumstances might a taxpayer elect
Q85: Kenrick is sole proprietor of K Enterprises.He
Q86: A purchaser of the assets of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents