Once you elect straight line depreciation for an asset can you switchover to MACRS depreciation?

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I am doing a tax project and I need this question answered in order to prepare a hypothetical return.. HELP!

2006-12-05 13:54:00 · 1 answers · asked by Lauren P 2 in Business & Finance ➔ Taxes ➔ Other - Taxes

No. You might want to stick with MACRS because it is THE way to depreciate an asset nowadays.

2006-12-07 12:19:12 · answer #1 · answered by Mr. Main Event 5 · 0⤊ 0⤋