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    ecorda's Avatar
    ecorda Posts: 1, Reputation: 1
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    #1

    Jun 14, 2016, 02:10 PM
    MACRS depreciation
    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
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jun 17, 2016, 07:03 AM
    Tax allowances depend on where you are
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