Which of the following depreciation conventions are not used under MACRS?
A) Full-month.
B) Mid-month.
C) Half-year.
D) Mid-quarter.
E) All of the above are used under MACRS.

Question

Quizplus · Accepted Answer

Full-month convention is not used under MACRS. MACRS only uses the mid-month or the half-year convention, depending on the asset's acquisition date. The mid-quarter convention is also available for assets acquired in the last quarter of the year, but it is not used very frequently.

Which of the Following Depreciation Conventions Are Not Used Under