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 It becomes outdated or obsolete.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
All of the following strategies can help a project team to develop realistic time estimates for project activities EXCEPT:
Elodia [21]

Answer:

Correct answer is (a). adding a significant buffer to each activity

Explanation:

Realistic time estimates for project is an essential skill required by project management team to estimate required time for a component or whole project to be completed. It is expressed in person hour. Adding a significant buffer to each activity in project management does not required by team to estimate the time required to complete project.

6 0
3 years ago
You feel that you will need $2.2 million in your retirement account and when you reach that amount, you plan to retire. You feel
dangina [55]

Answer: 40.7 years

Explanation:

You can use Excel to sold for this using the NPER function.

Rate = 10.2% / 12 months = 0.85%

Payment is $305 per month

Present value is $0

Future value is $2,200,000

Number of periods = 488.1979353

In years this is:

= 488.1979353 / 12

= 40.7 years

5 0
3 years ago
The _________ was created in order to alert insurer home office underwriters of errors, omissions, or misrepresentations made on
antoniya [11.8K]

The MIB was created in order to alert insurer home office underwriters of errors, omissions, or misrepresentations made on insurance applications.

<h3>What is medical coverage?</h3>

Medical and health-related expenses are covered by a type of insurance coverage called health insurance. Regular care, medical emergencies, and chronic illness management are all partially or fully covered by health insurance. In the US, health insurance is frequently offered by employers as a benefit package, while Medicare and Medicaid offer health insurance to the elderly and others with low incomes.

To know more about "  medical coverage ", visit: brainly.com/question/1941778

#SPJ4

3 0
2 years ago
Herbie and irene have been married for almost 55 years. through it all they have remained committed to each other and have been
Sergeeva-Olga [200]
Companionate love?? i think that is the right answer but im not sure let me know if i got it right
6 0
3 years ago
Read 2 more answers
What is a buyer agent?
sladkih [1.3K]

Answer:

A buyers agent is a licensed real estate agent who represents the buyer in a transaction. The buyer's agent has authority to act On behalf of the buyer in Negotiating a Purchase and sale agreement with the seller's agent.

8 0
3 years ago
Other questions:
  • Describe how you would use any five entrepreneurial qualities to make sure that your business is a success
    10·1 answer
  • For most small businesses, the primary motivation for going global is to
    15·1 answer
  • Consumer surplus arises in a market because rev: 05_10_2018 Multiple Choice at the current market price, quantity supplied is gr
    12·1 answer
  • The component of the service environment that involves products or services provided by an organization is/are called _______.a.
    11·1 answer
  • Which of the following would be a likely contact group for someone like Sharon, an intern who just started working for the produ
    11·2 answers
  • PLZZZZZZ NEED HELP!!!!!!!!
    11·1 answer
  • The information below pertains to Barkley Company for 2015.
    15·1 answer
  • McDonnell-Myer Corporation reported net income of $741 million. The company had 544 million common shares outstanding at January
    10·1 answer
  • `927487658732478597349579-3489812o798-1265946582399749-82635-`221-976489-6128-`6-495465487561298576087
    15·2 answers
  • A vital component of marketing is ______, which involves letting customers know the benefits of the product/service, where you c
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!