Extra Credit Question 1 (worth 2 points): Define the half-year convention." Extra Credit Question 2 (worth 2 points): (True/False) A worthless loan that is made to a friend or relative would be classified as a nonbusiness bad debt. Extra Credit Question 3 (worth 2 points): How is the basis of an asset affected by a cost recovery (e.g. depreciation) that is taken by a taxpayer? Extra Credit Question 4 (worth 2 points): If a residence is rented for 12 days in a year, would the residence be treated as a personal or a rental residence