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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 It becomes outdated or obsolete.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

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Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded
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7 0
3 years ago
15 points please help
arsen [322]

Answer:nenhuma das questões a cima

Explanation:

8 0
2 years ago
In a market with positive​ externalities, A. there cannot be an efficient level of production. B. the efficient level of product
topjm [15]

Answer: In a market with positive​ externalities, <u>"C. the efficient level of production is more than what competition will obtain.".</u>

<u />

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3 0
3 years ago
The supervisors of the production division of one of the branches of Georgia Mills have been informed of some irregularities not
oksian1 [2.3K]

Answer:

C) problem-solving

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3 0
3 years ago
Words like denigrate, the undersigned, and expropriate are examples of high-level diction and should be used liberally in busine
rusak2 [61]

Answer:

False.

Explanation:

Communication through business messages should convey the information in the simplest words so that the other party can easily understand what is being said. It also needs to be brief and to the point.

Using high level diction liberally in business communication leads to unclear messaging. The reader may not know the meaning of the words so the aim of communication will be defeated.

Also high level diction can have different meanings in different circumstances.

High level diction should be used sparingly, and simple diction is preferred.

7 0
3 years ago
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