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1			Depreciation is a reduction in value of an asset which reflects its actual usage during ownership.
			A)	TRUE
			B)	FALSE
2			Market value represents the remaining undepreciated investment on the books after the depreciation charges to date have been subtracted.
			A)	TRUE
			B)	FALSE
3			Recovery period refers to the depreciable life of an asset.
			A)	TRUE
			B)	FALSE
4			Although land is considered as real property, it is not depreciable.
			A)	TRUE
			B)	FALSE
5			The half-year convention assumes that assets are placed in service or disposed of at the end of the year.
			A)	TRUE
			B)	FALSE
6			Switching from declining balance depreciation to straight line depreciation is an inherent feature of the straight-line alternative (option) to the MACRS depreciation method.
			A)	TRUE
			B)	FALSE