The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method used for ________ purposes.
A) tax
B) financial reporting
C) managerial
D) cost accounting

Name: The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method used for ________ purposes. A) tax B) financial reporting C) managerial D) cost accounting
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MACRS is specifically designed for tax purposes, allowing businesses to recover the cost of assets over a fixed period of time for tax deduction purposes.

The Modified Accelerated Cost Recovery System (MACRS) Is a Depreciation