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2 votes
The cost recovery method for new farm equipment placed in service during 2014 is 200% declining balance.

a. True
b. False

1 Answer

0 votes

Final answer:

Sharecroppers were tenant farmers who paid their rent with shares of their crops, which is true. The additional information provided regarding the Green Sprouts program and historical farming practices is not directly relevant to the original question.

Step-by-step explanation:

The question asks about the cost recovery method for new farm equipment placed in service during 2014, stating that it is the 200% declining balance. This references tax depreciation methods. However, the question seems to be providing an exercise related to sharecroppers as additional information.

To clarify, sharecroppers were indeed tenant farmers who paid rent through a portion of their crops, marking option a. as True. While the information provided about historical farming practices and the Green Sprouts program is insightful, it does not directly answer the question concerning the cost recovery method.

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