Question 4 of 75. How is the MACRS deduction calculated in the year of disposition for an asset that has been depreciated using the half- year convention? The total depreciation allowed for the year is: Multiplied by 50% Divided by 50% Multiplied by 25% Question 35 of 75. Partnerships should report information regarding each trade or business of the partnership and: O Reduce the ordinary income on page 1. Form 1065 for any non-specified businesses for the Qualified Business Income deduction O Report on Schedule K-1 (Form 1065), box 20, and provide specific information to the partners of their share of Qualified Business Income items. Make an adjustment on the partnership's Schedule M-2 for the Qualified Business Income that will be a deduction to the partner's accounts Provide information on the partnership's Schedule K, page 4 of Form 1040 that will reduce ordinary income by 20%