1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ronch [10]
2 years ago
6

The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which expenses an asset over a single year becaus

e capital acquisitions must be expensed in the year purchased. is required by the SEC. is used for tax purposes. must be used for financial statement purposes.
Business
1 answer:
ollegr [7]2 years ago
5 0

The Modified Accelerated Cost Recovery System (MACRS) is used for tax purposes.

<h3>What is depreciation?</h3>

Depreciation refers to the devaluation in the value of the tangible assets after a particular period of time. When the depreciation value of the assets becomes zero or negative. It becomes outdated or obsolete.

Modified Accelerated Cost Recovery System is the system introduced by the United States which is the tax depreciation system used to estimate the value of the assets depreciated.

Initially, it was introduced to attract the investors to invest in the depreciating assets. the benefit of this system is that it gets higher tax exemptions.

Learn more about devaluation here:

brainly.com/question/1457256

#SPJ1

You might be interested in
You are to receive an annuity of $1,000 per year for 10 years. You will receive the first payment two years from today. At a dis
Neporo4naja [7]

Answer:

present value of annuity is $61445.66

Explanation:

given data

annuity P = $1,000 per year

time t  = 10 year

rate r = 10% = 0.01

to find out

present value of annuity

solution

we will apply here present value formula that is

present value = P ( 1 - ( 1 + r )^-t ) / r  ..........................1

put here all value for r, t  and P in equation 1

present value = P ( 1 - ( 1 + r )^-t ) / r

present value = 1000 ( 1 - ( 1 + 0.1 )^-10 ) / 0.01

present value = 61445.66

so present value of annuity is $61445.66

8 0
3 years ago
What happens when supply exceeds demand?
olya-2409 [2.1K]
A. The prices will decrease
3 0
3 years ago
The new performance management system at the Long Island Jewish Medical Center (L.IJ.M.C.) was specifically designed to address
vredina [299]

Answer: B; Ratings of employee traits are not effective measures of performance.

Explanation:

The performance of an employee in their work environment should be measured on how they perform their job duties. A persons traits can be more or less linked to some performance but it will be dependent on the leader's situation. Everyone has different traits in any job and each should be measured differently not together.

Some types of performance based appraisal systems will attempt to force management rate the employees on their actions and not their traits. By doing this, it will improve the companies performance ratings.

5 0
4 years ago
Buying a Home Reading Quiz
Maru [420]
The answer is A , to always see who’s selling the property , Hope this helps
3 0
4 years ago
A new skateboard company, "Sk8ters" opens its doors across the street from the town’s existing skateboard company "Skate House".
Elenna [48]

Answer:

The correct answer is letter "C": predatory pricing.

Explanation:

Predatory pricing is the illegal practice of setting prices below competitors to wipe them out of the market. When the prices decline the situation could be favorable for consumers but after the competition is eliminated the predatory-pricing company is likely to raise the prices. Under that scenario, customers are at a disadvantage because they do not have many options from where to choose.

In the U.S., the Federal Trade Commission (FTC) is the body in charge of analyzing predatory pricing practices.

8 0
4 years ago
Other questions:
  • You have just been promoted from a supervisory role to a mid-level management position overseeing several work teams. You are ea
    5·1 answer
  • U.S. Treasury bills are Multiple Choice marketable securities issued by the U.S. government to fund small businesses. short-term
    13·1 answer
  • Leo consumes only apples and bananas. He always prefers more apples to fewer, but he sometimes gets tired of bananas. If he cons
    12·1 answer
  • On January 1, 2020, Danvers Company purchased a copy machine. The machine cost $800,000, its estimated useful life is 5 years, a
    11·1 answer
  • On December 31, Strike Company sold one of its batting cages for $55,000. The equipment had an initial cost of $310,000 and has
    11·1 answer
  • Last year Stephen purchased 60 pounds of potatoes to feed his family of four when his income was $30,000. This year his income f
    14·1 answer
  • During the current year, Comma Co. had outstanding: 25,000 shares of common stock; 8,000 shares of $20 par, 10% cumulative prefe
    9·1 answer
  • The only deposits of a rare and sought-after mineral known as ursarite are found in Russia. Since no other nation has deposits o
    6·1 answer
  • Bathtub Refinishing Oldsmar FL
    14·2 answers
  • you estimate your annual revenue to be 50,000+ 20,000y, where y is the number of years in business. what is your estimated reven
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!