A Company Which Uses the MACRS System of Depreciation

Multiple Choice

A company which uses the MACRS system of depreciation:

A) will have equal depreciation costs each year of an asset's life.
B) will expense the cost of nonresidential real estate over a period of 7 years.
C) can depreciate the cost of land, if it so desires.
D) will write off the entire cost of an asset over the asset's class life.
E) cannot expense any of the cost of a new asset during the first year of the asset's lifE.