The cost of all personal property is recovered using a 200% declining-balance rate under MACRS.

Name: The cost of all personal property is recovered using a 200% declining-balance rate under MACRS.
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Quizplus · Accepted Answer

This statement is true. The Modified Accelerated Cost Recovery System (MACRS) allows for a 200% declining-balance rate for certain types of personal property, which means that the property's cost is recovered at twice the rate that would be allowed under straight-line depreciation.

The Cost of All Personal Property Is Recovered Using a 200