Cost Recovery MACRS Mid Quarter Convention. CPA/EA Exam

[@nathanaelsegura2535]

0:28 half year convention 1:15 mid-quanter convention 4:05 10.5 months 5:14 percentage 6:52

[@accntandbkkpng]

Thank you Professor for sharing this information.

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/

[@scarletp6971]

For an asset bought in 12/03 I know I have to use 200db-MQ based on your very helpful video, but what happens the second year and after? Can convention be changed to HY? I'm practicing an example on a tax software and it automatically chooses HY convention the second year. I appreciate your videos and your answer on this question I have. Thank you!