The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following depreciation methods for land? A. 150% Declining Balance B. Double-decling balance C. Straight Line D. Land is not a depreciable asset The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following depreciation methods for buildings? A. 150% Declining Balance B. Double-declining balance C. Straight Line D. Buildings are not depreciable assets Solution The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following depreciation methods for land? A. 150% Declining Balance B. Double-decling balance C. Straight Line D. Land is not a depreciable asset The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following depreciation methods for buildings? A. 150% Declining Balance B. Double-declining balance C. Straight Line D. Buildings are not depreciable assets .