MACRS is a$($n$)$ Blank$\_\_\_\_\_\_.$

Multiple choice question.

depreciation method approved by the IRS that yields high depreciation expense in the early years an asset is used

depreciation method that allows a company to depreciate an asset below its original cost

depreciation method that allows a company to record total depreciation expense for an asset that is double the asset's original cost

inventory valuation method approved by the IRS for companies that also use it for financial reporting