Under the MACRS straight-line election for personality,the mid-quarter convention is not applicable.

Name: Under the MACRS straight-line election for personality,the mid-quarter convention is not applicable.
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The mid-quarter convention is applicable when using the MACRS depreciation method. However, if the straight-line election is made for personality, the mid-quarter convention is not applicable regardless of the type of property being depreciated.

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