Under the basic MACRS procedures, the depreciable value of an ...

[jeatrice]

Under the basic MACRS procedures, the depreciable value of an asset is its full cost, including outlays for installation.
 
  Indicate whether the statement is true or false

Question 2

In the case of liquidation, bondholders are paid first, followed by preferred stockholders, followed by common stockholders.
 
  Indicate whether the statement is true or false

[jliusyl]

Answer to Question 1

TRUE

Answer to Question 2

TRUE

[jeatrice]

Wow, this really help

[LVPMS]

Thanks for the timely response, appreciate it