Under the MACRS straight-line election for personalty, the mid-quarter convention is applicable.

Name: Under the MACRS straight-line election for personalty, the mid-quarter convention is applicable.
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The mid-quarter convention applies when more than 40% of the aggregate basis of MACRS personal property is placed in service during the last quarter of the tax year. The straight-line election is one method of MACRS depreciation and is subject to the mid-quarter convention.

Under the MACRS Straight-Line Election for Personalty, the Mid-Quarter Convention