All of the following are acceptable conventions for MACRS property except:
A)Mid-week
B)Mid-month
C)Mid-quarter
D)Half-year

Name: All of the following are acceptable conventions for MACRS property except: A)Mid-week B)Mid-month C)Mid-quarter D)Half-year
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Question

Quizplus · Accepted Answer

MACRS (Modified Accelerated Cost Recovery System) allows for depreciation methods that include mid-month, mid-quarter, and half-year conventions. The mid-week convention is not an accepted convention under MACRS.

All of the Following Are Acceptable Conventions for MACRS Property