Question 39 of 75. What convention is used for residential rental and nonresidential real property? Alternative depreciation convention. Half-year convention. Mid-month convention. Mid-quarter convention. Residential rental property in the U.S. (such as rental houses and apartment buildings) placed in service after 1986 is depreciated using a Straight-line method over 27.5 years. Straight-line method over 39 years. 150% declining balance method over 27.5 years. 200% declining balance method over 39 years. Mark for follow up Question 39 of 75. What convention is used for residential rental and nonresidential real property? Alternative depreciation convention. Half-year convention. Mid-month convention. Mid-quarter convention. Residential rental property in the U.S. (such as rental houses and apartment buildings) placed in service after 1986 is depreciated using a Straight-line method over 27.5 years. Straight-line method over 39 years. 150% declining balance method over 27.5 years. 200% declining balance method over 39 years. Mark for follow up