Observation: In Example (2), your client would get a larger depreciation deduction for 2002 if the mid-quarter convention applied. If the half-year convention applied, using the double-declining ...

The MACRS mid-month convention sets the date of purchase and disposal of property at the mid-point of the month, regardless of which day of the month the transaction actually occurred.

Bill, a calendar-year taxpayer, placed in service an improved road in January 1998. It is depreciated using the half-year convention. In January 2004, Bill exchanges the road for an apartment building ...