Match Each Statement with the Correct Term Below

Multiple Choice

Match each statement with the correct term below.
-Depreciable basis

A) The depreciation method for real estate.
B) A term used synonymously with the term depreciation.
C) The depreciation system for assets placed in service after 1986.
D) The initial basis of an asset minus the amount of capital recovered.
E) The term used to describe the amount multiplied by the MACRS percentages to calculate the annual depreciation deduction.
F) A provision intended to provide relief to small companies by allowing an immediate deduction for purchases of business equipment and by simplifying record keeping.