Question: Under MACRS, only a half - year's depreciation expense is taken during the tax year in which an asset is purchased for Blank _ _

Under MACRS, only a half-year's depreciation expense is taken during the tax year in which an asset is purchased for Blank______.
Multiple choice question.
all assets
assets purchased on or after July 1
assets with lives longer than 10 years
assets purchased on or after April 1

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