Question 1
Under the MACRS system, depreciation rates for real property must always use the mid-month convention in the year of acquisition.
◦ true
◦ false
Question 2
Under the MACRS system, the same convention that applies in the year of acquisition (e.g., half-year, mid-quarter, or mid-month) also applies in the year of disposition.
◦ true
◦ false