Author Question: The Modified Accelerated Cost Recovery System (MACRS) applies to depreciation for all assets put ... (Read 54 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
The Modified Accelerated Cost Recovery System (MACRS) applies to depreciation for all assets put into service after ___________________ ________.
 Fill in the blank(s) with correct word

Question 2

The rate of depreciation is obtained by dividing the estimated life in years into _________ and multiplying by __________.
 Fill in the blank(s) with correct word



nmyers

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

31-Dec-86

Answer to Question 2

100; 2



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

For a complete list of videos, visit our video library