MACRS depreciation for 5-year assets is based on:
A)Straight-line depreciation
B)150 percent declining balance only
C)200 percent declining balance with a switch to straight-line
D)200 percent declining balance only

Question

Quizplus · Accepted Answer

MACRS (Modified Accelerated Cost Recovery System) for 5-year assets uses the 200 percent declining balance method but switches to straight-line depreciation when that method yields a larger deduction.

MACRS Depreciation for 5-Year Assets Is Based On