Which of the following depreciation conventions are not used under MACRS?
A)Full-month.
B)Mid-month.
C)Half-year.
D)Mid-quarter.
E)All of these are used under MACRS.

Question

Quizplus · Accepted Answer

Full-month depreciation convention is not used under MACRS. MACRS uses the mid-month convention, which assumes that property is placed in service in the middle of the month and depreciates it accordingly. MACRS also uses the half-year and mid-quarter conventions for certain situations.

Which of the Following Depreciation Conventions Are Not Used Under