DEVRY ACCT 224 Week 7 Assignment
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Please complete the below problems and submit your answers in the Week 7 Drop Box. See
“Syllabus/Due Dates for Assignments & Exams” for due date information.
1. What is MACRS? In your explanation, please describe the recovery periods, depreciation
methods and depreciation conventions.
2.What is the difference between a recognized gain/loss and a realized gain/loss?