# Which is not an allowable method under macrs a 150

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Chapter 3 / Exercise 2
Income Tax Fundamentals 2019
Whittenburg/Gill
Expert Verified
41. Which is not an allowable method under MACRS? A. 150 percent declining balanceB. 200 percent declining balanceC. Straight lineD.Sum of the years digitsE. All of the above are allowable methods under MACRSThe sum of the years digits is not an allowable method under MACRS.
AACSB: Reflective thinkingAICPA: BB Critical thinkingBloom's: KnowledgeLearning Objective: 09-02 Determine the applicable cost recovery (depreciation) life; method; and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.Level of Difficulty: Easy9-42
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Chapter 3 / Exercise 2
Income Tax Fundamentals 2019
Whittenburg/Gill
Expert Verified
Chapter 09 - Property Acquisition and Cost Recovery42. Which of the allowable methods allows the most accelerated depreciation?
AACSB: Reflective thinkingAICPA: BB Critical thinkingBloom's: AnalyzeLearning Objective: 09-02 Determine the applicable cost recovery (depreciation) life; method; and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.Level of Difficulty: Easy43. How is the recovery period of an asset determined?
AACSB: Reflective thinkingAICPA: BB Critical thinkingBloom's: AnalyzeLearning Objective: 09-02 Determine the applicable cost recovery (depreciation) life; method; and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.Level of Difficulty: Medium9-43
Chapter 09 - Property Acquisition and Cost Recovery44. Which of the following depreciation conventions are not used under MACRS?
AACSB: Reflective thinkingAICPA: BB Critical thinkingBloom's: AnalyzeLearning Objective: 09-02 Determine the applicable cost recovery (depreciation) life; method; and convention for tangible personal and real property and calculate the deduction allowable under basic MACRS.Level of Difficulty: Medium