1. DEVRY ACCT 224 W EEK 7 A SSIGNMENT Check this A+ tutorial guideline at http://www.assignmentcloud.com/acct-224/acct-224-week-7- assignment For more classes visit http://www.assignmentcloud.com Please complete the below problems and submit your answers in the Week 7 Drop Box. See “Syllabus/Due Dates for Assignments & Exams” for due date information. 1. What is MACRS? In your explanation, please describe the recovery periods, depreciation methods and depreciation conventions. 2.What is the difference between a recognized gain/loss and a realized gain/loss?