When we use the method that uses both declining balance and straight line depreciation, we take depreciation at the beginning of the depreciable life using _______ and then switchover to _______ for the end of the depreciable life.

Declining balance method; straight line method

Straight line method; MACRS

Straight line method; declining balance method

Which method does the IRS use to allow companies to compute their tax liability concerning depreciation?

MACRS

Straight line depreciation

Units of production method

Declining balance depreciation

Which of the following is generally assumed when using MACRS, as it applies much more broadly in practice?

General Depreciation system (GDS)

Alternative Depreciation System (ADS)

Both are used equally