The MACRS depreciation method requires use of the half-year convention. Assets are assumed to be acquired in the middle of the year and only one-half of the first year's depreciation is recovered in the first year.

Question

Quizplus · Accepted Answer

The statement is true. The MACRS depreciation method does require the use of the half-year convention, which assumes that assets are acquired in the middle of the year and only one-half of the first year's depreciation is recovered in the first year.

The MACRS Depreciation Method Requires Use of the Half-Year Convention