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 choices are used under MACRS.

Question

Quizplus · Accepted Answer

MACRS does not use the full-month convention. Instead, it uses the half-year convention for the year of acquisition and the year of disposition, and the mid-month or mid-quarter convention for the years in between.

Which of the Following Depreciation Conventions Are Not Used Under