What are the two depreciation conventions


Discussion Post

o What are the two depreciation conventions that apply to tangible personal property under MACRS? Explain why Congress provides two methods.

o Explain the two limitations placed on the Sec 179 deduction. How are they similar? How are they different?

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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