Final answer:
Real property is not always depreciated using the straight-line method and the most commonly used method of depreciation for real property is MACRS.
Step-by-step explanation:
The statement is false. Real property is not always depreciated using the straight-line method. Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors. The method of depreciation depends on the type of asset and the accounting rules in place.
For real property, such as buildings, the most commonly used method of depreciation is the modified accelerated cost recovery system (MACRS). MACRS uses different depreciation methods, including the straight-line method and the declining balance method, to allocate the cost of the property over its useful life.
Other factors, such as the property's expected salvage value and depreciation method chosen by the taxpayer, can also affect the calculation of depreciation for real property.