For Real Property Placed in Service After 1986,depreciation Under the MACRS

question 22

Multiple Choice

For real property placed in service after 1986,depreciation under the MACRS system is calculated using the

• A)straight-line method and a half-year convention in the year of acquisition and in the year of disposition.
• B)straight-line method and a mid-month convention in the year of acquisition and in the year of disposition.
• C)200% DB method and a mid-month convention in the year of acquisition and in the year of disposition.
• D)200% DB method and a half-year convention in the year of acquisition and in the year of disposition.

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Definitions:

Exports

Goods or services sold by one country to another, contributing to the selling country's gross domestic product.

Imports

Products or services imported into a country from abroad for the purpose of selling.

Trade Deficit

An economic condition that occurs when a country imports more goods and services than it exports.

Exports

Goods or services produced in one country and sold to buyers in another country, contributing to the selling country's economy.