What is the current mandatory depreciation method required by United States federal regulation for depreciating property acquired after December 31, 1986?
  1. Reversed Depreciation System (RDS)
  2. Modified Accelerated Cost Recovery System (MACRS)
  3. Moderated Depreciation Recovery System (MDRS)
  4. Acceleration Cost Depreciation System (ACDS)
Explanation
Answer: B -The current mandatory depreciation method required by United States federal regulation for depreciating property acquired after December 31, 1986 is called the Modified Accelerated Cost Recovery System (MACRS).
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