Which depreciation convention is the general rule for tangible personal property?
A) Full-month.
B) Half-year.
C) Mid-month.
D) Mid-quarter.
E) None of the choices are conventions for tangible personal property.

Question

Quizplus · Accepted Answer

The half-year convention is the general rule for tangible personal property, while the mid-quarter convention is the exception.

Which Depreciation Convention Is the General Rule for Tangible Personal