Under the MACRS straight-line election for personalty, only the half-year convention is applicable.

Name: Under the MACRS straight-line election for personalty, only the half-year convention is applicable.
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Under the MACRS (Modified Accelerated Cost Recovery System) straight-line election for personal property, taxpayers can choose between the half-year convention, mid-quarter convention, or the mid-month convention, depending on the specific circumstances of when the property was placed in service.

Under the MACRS Straight-Line Election for Personalty, Only the Half-Year