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Andy, a carpenter, placed in service in his business the following personal property during the current year: 5-year recovery property January 15 March 6 October
Andy, a carpenter, placed in service in his business the following personal property during the current year: 5-year recovery property January 15 March 6 October 15 7-year recovery property July 1 November 4 $20,000 20,000 10,000 60,000 90,000 In computing the depreciation deduction for the current year, Andy must use the A. mid-month convention. B. Midquarter convention. C. Half-year convention. D. Half-year convention for 5-year recovery property and midquarter convention for 7-year propert
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