The MACRS depreciation tables automatically switch to the straight-line method when the straight-line method yields a higher annual depreciation amount than the declining balance method.
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Q2: An asset's capitalized cost basis includes only
Q3: Tax cost recovery methods include depreciation, amortization,
Q4: In general, a taxpayer should select longer-lived
Q5: The mid-month convention applies to real property
Q6: If tangible personal property is depreciated using
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Q8: Property expensed under the §179 immediate expensing
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Q10: Taxpayers use the half-year convention for all
Q11: Depreciation is currently computed under the Modified
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