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In the year of disposition, how is the depreciation deduction calculated for real rental property that has been depreciated using the mid-month convention? A) The
In the year of disposition, how is the depreciation deduction calculated for real rental property that has been depreciated using the mid-month convention?
A) The depreciation in the year of disposition will be the same as the depreciation in a regular year..
B) The deductible amount will be determined by the month in which the asset is disposed.
C) No deduction is allowed in the year of disposition.
D) Only the amount of depreciation actually claimed in prior years is allowed.
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