U.S. GAAP allows a firm to record a half year of depreciation expense for any asset acquired at any time during the year.

Name: U.S. GAAP allows a firm to record a half year of depreciation expense for any asset acquired at any time during the year.
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This is known as the "half-year convention" under U.S. GAAP, which allows firms to record a half year of depreciation for assets acquired at any time during the fiscal year.

US GAAP Allows a Firm to Record a Half Year