Choose the Incorrect Statement Concerning the Half-Year Convention as It

Choose the incorrect statement concerning the half-year convention as it applies to amortization.

A) It adds a year to the class life of the asset for tax purposes.
B) It reduces the accelerated nature of the deduction.
C) It can be used only for tax purposes.
D) It results in an amortization rate equal to the straight-line rate based on class life in the first year of the asset's life.