Under MACRS, which one of the following is not considered in determining depreciation for tax purposes?
A) Cost of asset.
B) Property recovery class.
C) Half-year convention.
D) Salvage (or residual) value.
E) None of the above.

Question

Quizplus · Accepted Answer

Under MACRS, the salvage value is not considered when calculating depreciation for tax purposes. Depreciation is based on the cost of the asset, the property recovery class, and conventions like the half-year convention.

Under MACRS, Which One of the Following Is Not Considered