In computing depreciation using MACRS, a taxpayer who elects to expense all or a portion of an asset must adjust the basis of the asset.

Name: In computing depreciation using MACRS, a taxpayer who elects to expense all or a portion of an asset must adjust the basis of the asset.
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When a taxpayer elects to expense all or a portion of an asset under MACRS, they must adjust the basis of the asset accordingly. This adjustment will affect the depreciation deduction for future years.

In Computing Depreciation Using MACRS, a Taxpayer Who Elects to Expense