Question: MACRS differs from straight-line depreciation computed for financial reporting. In this respect, which of the following statements is not true? a. MACRS mandates the tax

MACRS differs from straight-line depreciation computed for financial reporting. In this respect, which of the following statements is not true? a. MACRS mandates the tax life of assets. b. MACRS uses longer asset lives. c. MACRS accelerates cost recovery. d. MACRS eliminates residual value.

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