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Which of the following is not true of the depreciation of 27.5- year class MACRS property? A. Double deciling balance may be used B. Salvage
Which of the following is not true of the depreciation of 27.5- year class MACRS property?
A. Double deciling balance may be used
B. Salvage value is ignored
C. This is residential rental property, tenants generally stay > 30 days.
D. A mid month convention is used, % month depreciation is first and last month
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