Question: The MACRS differs from straight-line depreciation computed for financial reporting. in this respect, which of the following is NOT true? 1. The MACRS uses longer

The MACRS differs from straight-line depreciation computed for financial reporting. in this respect, which of the following is NOT true? 1. The MACRS uses longer asset lives. 2. The MACRS decreases the income taxes payable in the early years of an assets life.

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