The system in the U.S.which defines the allowable annual depreciation deductions for various classes of assets is known as:

Question

Quizplus · Accepted Answer

The system in the U.S. which defines the allowable annual depreciation deductions for various classes of assets is known as Modified Accelerated Cost Recovery System (MACRS). Hence, Option A) is the correct answer. Option B), C), and D) are not valid terms in the context of tax depreciation in the U.S.

The System in the U