Conrad Corporation has a June 30 year end.What is the MACRS depreciation percentage deduction for the first year for a five-year asset acquired October 15 under the mid-quarter convention.
A)35%
B)25%
C)15%
D)5%

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The Answer of Conrad Corporation has a June 30 year end.What is the MACRS depreciation percentage deduction for the first year for a five-year asset acquired October 15 under the mid-quarter convention.
A)35%
B)25%
C)15%
D)5%

Conrad Corporation Has a June 30 Year End