Evaluate the following statement: The MACRS depreciation tax schedule for three-year equipment provides a depreciation rate for a total of three years.

Question

Quizplus · Accepted Answer

The MACRS (Modified Accelerated Cost Recovery System) depreciation schedule for three-year property actually spreads the depreciation over four years, not just three, to allow for a more accelerated recovery of the asset's cost.

Evaluate the Following Statement: the MACRS Depreciation Tax Schedule for Three-Year