1. _________ is used to depreciate assets when the actual service rendered by th

1. _________ is used to depreciate assets when the actual service rendered by the asset is a more appropriate base for depreciation than its years of service.A. declining-balanceB. sum-of-years -digitsC. units of production XXXXXXD. MACRS2. _________ property is land and generally anything that is erected on growing on or attached to the land.A. UsefulB. TangibleC. IntangibleD. Real3. An asset s purchase cost plus freight and/or installation charges required to place the asset into service is called the:A. market valueB. salvage valueC. total cost XXXXXXD. cost base4. Under MACRS the type of recovery property being depreciated determines which _________ will be used to determine the recovery amount.A. methodB. valueC. class XXXXXXD. cost base