In the year of disposition, how is the depreciation deduction calculated for real property used in a rental real estate activity?

1) The deductible amount will be determined by the month in which the asset is disposed of.

2) The deductible amount will be half the depreciation determined for the full year.

3) The depreciation in the year of disposition will be the same as the depreciation in a regular year.

4) Using information from the MACRS percentage tables, the calculation is made based on a short tax year.