(a) What is meant by half-year convention? (b) Where does it show up in the MACRS depreciation rate table? What is its effect?
What will be an ideal response?
(a) The half-year convention assumes that all property is placed in service at the
midpoint of the tax year of installation.
(b) The half-year convention is evident in two places: the first and last years of the MACRS depreciation rates table. In year one, the MACRS rate is limited to one-half of the allowed DB or DDB rate. Also, the last year’s rate is one-half of the previous year’s rate.
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____________________ is the hardest of the transformation products of austenite.
Fill in the blank(s) with the appropriate word(s).
Catfish production in the United States is most predominant in:
a. the Southeast c. the Southwest b. the Northeast d. the Northwest
More electrical current will tend to flow through the branch of a parallel circuit with ________ resistance
A) Lowest B) Infinite C) Highest D) None of these
Lower-profile tires have an aspect ratio that is lower than:
A. 10 B. 40 C. 20 D. 50