1.Which depreciation method should a firm choose if it wants to minimize its tax liabilities? a. straight-line depreciation. b. MACRS (Modified Accelerated Cost Recovery System). c. it does not matter whether it is straight-line depreciation or MACRS. d. None of the above are correct

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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1.Which depreciation method should a firm choose if it wants to minimize its tax liabilities? a. straight-line depreciation. b. MACRS (Modified Accelerated Cost Recovery System). c. it does not matter whether it is straight-line depreciation or MACRS. d. None of the above are correct 

2. Probably the safest and most marketable instrument for short-term investment is

a. Commercial paper
b. Large denomination certificates
c. Treasury note
d. Treasury bills.

 

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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