Visit the U.S. Internal Revenue Service website
Chapter 16, Problem 16.9(choose chapter or problem)
Visit the U.S. Internal Revenue Service website atwww.irs.gov and answer the following questionsabout depreciation and MACRS by consultingPublication 946, How to Depreciate Property. (a) What is the definition of depreciation accordingto the IRS? (b) What is the description of the term salvagevalue? (c) What are the two depreciation systems withinMACRS, and what are the major differencesbetween them? (d) What are the properties listed that cannot bedepreciated under MACRS? (e) When does depreciation begin and end? (f ) What is a Section 179 Deduction?
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