Asked by
Yasser Khedr
on Dec 01, 2024
Verified
Land is depreciated:
A) straight line over 27.5 years if they're residential.
B) using MACRS.
C) straight line over 31.5 years for all property.
D) Land is never depreciated.
Straight Line
A method of calculating depreciation or amortization by spreading the cost evenly over the useful life of an asset.
MACRS
Modified Accelerated Cost Recovery System; a method of depreciation for tax purposes in the United States.
Depreciated
A decrease in the value of an asset over time due to wear and tear, obsolescence, or market conditions, often used for tax purposes.
- Identify the constituents that do not directly alter cash flow forecasts, notably depreciation and financial charges.
Verified Answer
JS
Learning Objectives
- Identify the constituents that do not directly alter cash flow forecasts, notably depreciation and financial charges.