A company which uses the MACRS system of depreciation:. a. can depreciate the cost of land, if it so desires.
b. cannot expense any of the cost of a new asset during the first year of the asset's life.
c. will have equal depreciation costs each year of an asset's life.
d. will have the highest depreciation in the first year.
e. will write off the entire cost of an asset over the asset's class life.