Author Question: The Modified Accelerated Cost Recovery System (MACRS) applies to depreciation for all assets put ... (Read 97 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?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

For a complete list of videos, visit our video library