Indicate whether the following statements are "True" or "False" regarding cost recovery for tax purposes.

a. Realty (real property) generally includes land and buildings permanently affixed to land

b. Personal use property is only personalty property (personal property) that is held for personal use rather than for use in a trade or business or an income-producing activity

c. Assets used in a trade or business or for the production of income are eligible for cost recovery if they are subject to wear and tear, decay or decline from natural causes, or obsolescence

d. The key date for the commencement of depreciation is the date an asset is purchased

e. The basis of cost recovery property is reduced by the cost recovery method allowed, and not less than the allowable amount

f. If the mid-quarter convention applies in the computation of cost recovery in the year of sale of an asset, the property is treated as though it were disposed of at the midpoint of the quarter

g. If the mid-quarter convention applies in the computation of cost recovery in the year of sale of an asset, no cost recovery deduction is allowed in the year of sale

h. If the mid-quarter convention applies in the computation of cost recovery in the year of sale of an asset, one-quarter of the annual cost recovery deduction is allowed in the year of sale.