Question: When using the MACRS method under GDS system to calculate the depreciation deduction for each depreciable year, Half - year convention requires that all assets
When using the MACRS method under GDS system to calculate the depreciation deduction for each depreciable year, Halfyear convention requires that all assets placed in service during the year are treated as if use began in the middle of that year, and onehalf year of depreciation is allowed. When an asset is disposed of the halfyear convention is also allowed. According the halfyear convention, which statement is not true?
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