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Question 24 of 40. An asset is ineligible for the special depreciation allowance for 2019 If O it was purchased second-hand by the taxpayer in

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Question 24 of 40. An asset is ineligible for the special depreciation allowance for 2019 If O it was purchased second-hand by the taxpayer in 2019 and immediately placed into service. It was purchased new for personal use and then converted to business use. The taxpayer must use the mid-quarter convention for the year the asset is placed into service. It has a recovery period of 27.5 years. Mark for follow up

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