Which of the Following Statements with Respect to the Depreciation

question 13

Multiple Choice

Which of the following statements with respect to the depreciation of real property under MACRS is correct?

• A)Real property is depreciated using a mid-quarter convention.
• B)Only one-half year of depreciation is allowed in the year of acquisition of real property, regardless of the actual date the property is placed in service.
• C)Assuming the property is not disposed of during the year, the depreciation deduction for the second year of use of the real property will be greater than the depreciation deduction in the first year.
• D)In some cases, where a significant amount of property is acquired during the last quarter of the taxpayer's tax year, the taxpayer may be required to use a mid-quarter convention in calculating depreciation on real property.
• E)None of the above.

---

Definitions:

Neuroticism

A personality trait characterized by the tendency to experience negative emotions, such as anxiety, depression, or anger, more frequently and intensely than others.

Conscientiousness

A personality trait that reflects a person's tendency to be organized, dependable, and show self-discipline and a goal-directed behavior.

Low Body Weight

Refers to a body weight that is significantly below what is considered normal or healthy for a person's height and age.

Anorexia Nervosa

The pathological desire to maintain a very low body weight.