Cost recovery or tax depreciation is not accurate

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Reference no: EM13777688

Which of the following statements about cost recovery (tax depreciation) is not accurate?

a. A depreciable asset is depreciated for a full year in the year the asset is disposed

b. Bonus depreciation decreases the after-tax cost of an asset

c. The cost recovery period for machinery is shorter than for an apartment complex

d. The adjusted tax basis of an asset decreases each year by the amount of tax depreciation expense deducted for the asset

Reference no: EM13777688

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