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

Question

Quizplus · Accepted Answer

The full-month convention is not used under MACRS. MACRS uses the half-year convention for assets that are placed in service any time during the tax year, except for some real property and certain other assets that use the mid-month or mid-quarter convention.

Which of the Following Depreciation Conventions Is Not Used Under