When using MACRS 5 year 1/2 convention 200%DDB and property placed in service in May 2010 do you have to take into consideration how many months inservice when calculation the first year depreciation or doesn't it matter. Example
Basis 350,000 placed in service May 2010 using above information MACRS calculator states the depreciation for 2010 would be 70,000 is that correct? For tax purposes

Tax allowances depend on where you are