Which of the following statements is correct?

Question

Quizplus · Accepted Answer

Most current assets are not depreciated using the MACRS depreciation calculation because current assets typically include cash, accounts receivable, and inventory, which are not depreciated. Section 179 is used by many businesses but is not necessarily the primary method for most large corporations, as it has specific eligibility criteria and limits. The statement about businesses preferring straight-line depreciation because they benefit from accelerated depreciation is contradictory; businesses that benefit from accelerated depreciation methods, such as MACRS, often prefer them over the straight-line method for the tax advantages they offer in the early years of an asset's life.

Which of the Following Statements Is Correct