[Anonymous]

Can someone explain to me how you calculate depreciation for Real Property? The study materials say you apply MACRS S/L – midmonth convention. I don’t understand what is different between normal SL depreciation and MACRS SL depreciation. Do I need a MACRS table to calculate each year’s depreciation amount or can I simply calculate?

Thanks.

[Noct]

It's just regular straightline. MACRS straightline only defines the asset life and the convention. Midmonth means you take a half month of depreciation for the month the asset is placed in service.

FAR - 79 - 07/2012
AUD - 65, 78 - 11/2012
BEC - 76 - 11/2012
REG - 78 - 01/2013
ETH - 98 - 01/2013

Material: Wiley books

[Author]

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