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  2. Applicable convention - Wikipedia

    en.wikipedia.org/wiki/Applicable_convention

    (§ 168(d)(4)(B)) Section 168(d)(2) tells a taxpayer when it is appropriate to use the mid-month convention. The third, the “mid-quarter convention,” assumes that all property placed into service, or disposed of, during any quarter of a taxable year was placed into service, or disposed of, at the midpoint of that quarter. (§ 168(d)(4)(C ...

  3. MACRS - Wikipedia

    en.wikipedia.org/wiki/MACRS

    Real property is considered placed in service in the middle of the month in which acquired ("mid-month convention"). Special rules apply for pro rating deductions for short tax years and for the first year of business, or where more than 40% of tangible personal property additions are in the final quarter of the year.

  4. Accelerated depreciation - Wikipedia

    en.wikipedia.org/wiki/Accelerated_depreciation

    Finally, it is important to determine the applicable convention for depreciation. Section 168(d)(4) of the U.S. Tax Code gives three different types: half year convention, the mid-month convention, and the midquarter convention. Conventions determine how much of the depreciation deduction the taxpayer may take the first year.

  5. Ron DeSantis and Trump get ready for a fight at California's ...

    www.aol.com/news/ron-desantis-trump-ready-fight...

    But in late July, the party wrote a new rule to change the way it operates, making the transition to a potential winner-take-all state. So as things stand for the 2024 race, whoever wins more than ...

  6. There was a corgi convention in California -- and it was adorable

    www.aol.com/article/2015/10/12/there-was-a-corgi...

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  7. Divisions, midterm concerns on display as California ... - AOL

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