Depreciation - Section 6 Flashcards

1
Q

Mid Month

A

For real property

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2
Q

3/5/7

A

3 is for software etc
5 is for light trucks and comps
7 is for furniture

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3
Q

Residential Home

A

27.5

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4
Q

Business home

A

29.5

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5
Q

Personal property depreciation conventions

A

Mid year and mid quarter

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