The only acceptable convention for MACRS realty is
A)Mid-week
B)Mid-month
C)Mid-quarter
D)Half-year

Name: The only acceptable convention for MACRS realty is A)Mid-week B)Mid-month C)Mid-quarter D)Half-year
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Question

Quizplus · Accepted Answer

The only acceptable convention for Modified Accelerated Cost Recovery System (MACRS) realty is the mid-month convention. This convention assumes that all property placed in service or disposed of during a month is placed in service or disposed of at the midpoint of that month.

The Only Acceptable Convention for MACRS Realty Is