Date: Class ON FINALEXAM CRS, which one of the following is not considered Gignored) in determining depreciation for tax purposes a. Cost of asset. b. Property recovery class c. Half-year convention. d. Salvage (or residual) value. e. None of the above. -22, which of the following deprec a. Full-month. iation conventions are not used under MACRS? b. Mid-month c. Half-year d. Mid-quarter. e. All of the above are used under MACRS. - 23. On May 5 of the current tax year, Byrme purchased a patent that qualifies as a $ 197 intangible. The cost of the patent was $207,000 and Byme is a calendar-year taxpayer. In the current tax year, how much of the patent's cost may Byme amortize? a. $1,150. b. $4,600. c. $9,200. d. $13,800. e. None of the above. 24. Jordan performs services for Ryan. Which, if any, of the following factors indicate that Jordan is an independent contractor, rather than an employee? a. Ryan sets the work schedule. b. Ryan provides the tools used. c. Jordan follows a specific set of instructions from Ryan to complete tasks. d. Jordan is paid based on tasks performed. e. None of these