According to the Modified Accelerated Cost Recovery System (MACRS), which assets are classified as a 5-year asset?
A)Computers
B)Industrial equipment
C)Trucks
D)Manufacturing tools
E)a and c

Question

Quizplus · Accepted Answer

Under MACRS, both computers and trucks are classified as 5-year assets. This classification allows for the accelerated depreciation of these assets over a 5-year period.

According to the Modified Accelerated Cost Recovery System (MACRS), Which