This is the IRS convention that requires that all property placed in service during a given period is assumed to be placed in service at the midpoint of that period.

Question

Quizplus · Accepted Answer

The half-year convention assumes that all property placed in service during a given tax year is placed in service at the midpoint of that year, allowing for a half-year's worth of depreciation in the first year.

This Is the IRS Convention That Requires That All Property