Question 24 of 40.

An asset is ineligible for the special depreciation allowance for 2019 if__________.

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.