Given the following list of methods of depreciation, select the method that is best for the situation or purpose given. (Choices may be used more than once.)
-This method minimizes taxable income
A)Straight-line
B)Units-of-production
C)Double-declining-balance
D)MACRS

Question

Quizplus · Accepted Answer

MACRS (Modified Accelerated Cost Recovery System) is a method of depreciation that is used for tax purposes in the United States. This method allows for the greatest amount of depreciation in the earlier years of an asset's life, which minimizes taxable income.

Given the Following List of Methods of Depreciation, Select the Method