Within the same asset class in the same year,when the sale of assets exceeds the purchase,net acquisition is negative.The half-year rule will apply.

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Quizplus · Accepted Answer

The half-year rule, which typically applies to the calculation of depreciation for tax purposes, allowing only a half-year's worth of depreciation in the year of acquisition, is not directly related to whether net acquisition is positive or negative. Net acquisition being negative indicates that sales exceed purchases, but this does not determine the application of the half-year rule.

Within the Same Asset Class in the Same Year,when the Sale