A Major Objective of MACRS Is To

Multiple Choice

A major objective of MACRS is to:

A) Reduce the amount of the cost recovery deduction on businesses tax returns.
B) Ensure that the amount of cost recovery for tax purposes will be the same as book depreciation.
C) Help companies achieve a faster write-off of their capital assets.
D) Require companies to use the actual economic lives of assets in calculating cost recovery for tax purposes.
E) All of these are major objectives.