The _____ is a combination of the declining-balance and straight-line depreciation methods of computing depreciation.
A) trade-in value recovery system
B) cost of goods sold method
C) Modified Accelerated Cost Recovery System
D) double-declining-balance method

Question

Quizplus · Accepted Answer

The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method used for tax purposes in the United States. It combines elements of the declining-balance method and straight-line method, allowing for faster depreciation in the early years of an asset's life followed by a slower rate of depreciation as the asset ages. The other options listed are not related to the MACRS depreciation method.

The _____ Is a Combination of the Declining-Balance and Straight-Line