Multiple Choice
On November 7, a calendar year business placed in service $900,000 of 3-year recovery property. If this was the only property placed in service during the year, MACRS depreciation is computed using the:
A) Mid-month convention
B) Mid-quarter convention
C) Mid-year convention
D) Daily pro-ration method
Correct Answer:
Verified
Correct Answer:
Verified
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