19. All of the following statements regarding the Modified Accelerated Cost Recovery System are correct, except: a. Residential real property may only be depreciated using the straight-line MACRS method. b. The mid-quarter convention does not apply to real estate in the 27.5 and 39 year classes. c. The Section 179 expense deduction does not apply to real estate. d. You must reduce the amount for figuring the bonus depreciation by section 179 , before computing allowable bonus depreciation