Under MACRS,tangible personal property used in trade or business purchased and placed into service on March 1,2014 should be depreciated for 10 months in 2014.Assume the business uses a calendar tax year.

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Under MACRS, tangible personal property is typically depreciated using the half-year convention, meaning it is assumed to be placed in service at the midpoint of the year, resulting in 6 months of depreciation for the first year, regardless of the actual month placed in service.

Under MACRS,tangible Personal Property Used in Trade or Business Purchased