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.

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Definitions:

Planned Change

An intended, purposive attempt to make something different.

Aerosols

Tiny particles or droplets in the air, which can be natural or man-made, and may include pollutants, viruses, or medication for inhalation therapy.

Inhaler

A device delivering medicine directly into the lungs, commonly used for treating respiratory conditions such as asthma.

Interpreter

A professional who translates spoken or signed language into another language, facilitating communication between people who do not share a common language.