The advantage of using the modified accelerated cost recovery system (MACRS)for depreciation is that it extends the lives of investments,giving a firm a longer period of time before the item must be replaced.

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The advantage of using MACRS for depreciation is that it allows for shorter recovery periods, which means the cost of the investment can be recovered more quickly. This can provide tax benefits and improve cash flow. However, it does not extend the life of the investment.

The Advantage of Using the Modified Accelerated Cost Recovery System