Enter the quarter (1, 2, 3, or 4) that a prior year MACRS asset was placed in service if subject to the mid-quarter convention. This entry is mandatory to compute depreciation amounts on such prior year assets correctly.
If the mid-quarter convention applies, the correct quarter is computed and pro formaed for next year's processing.
To force either half-year or mid-quarter convention to be applied to all current year MACRS assets, use the "MACRS Convention Code"
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