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Grape Corporation purchased and placed into service a machine in December of the current year. This was the only asset purchased during the current year.
Grape Corporation purchased and placed into service a machine in December of the current year. This was the only asset purchased during the current year. Grape Corporations cost recovery would begin:
a. In the current year using a half-year convention.
b. In the current year using a mid-month convention.
c. In the current year using a mid-quarter convention.
d. In the following year using a half-year convention.
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