Which of the following statements is correct?

Question

Quizplus · Accepted Answer

None of the statements are correct. 
Explanation for each option: 
A) MACRS depreciation calculation applies to fixed assets, not current assets. 
B) Section 179 is typically used by small businesses to expense the cost of assets rather than depreciate them. Large corporations may use accelerated depreciation methods such as MACRS. 
C) This statement is not true. Most businesses prefer accelerated depreciation methods to reduce their taxable income in earlier years, as opposed to straight-line depreciation, which spreads equal depreciation over the asset's useful life.

Which of the Following Statements Is Correct