Mark for Question 34 of 75. I rental property Qhat has been depreciated in the y

Question

Mark for Question 34 of 75. I rental property Qhat has been depreciated in the year of disposition, how is the depreciation deductior using the mid-month c calculated for real The depreciation in the year of disposition will be the same as the depreciation in a regular year 0 0 The deductible amount wil be, determined by the, month in which the asset is disposed O No deduction is allowed in the year of disposition. ly the amount of depreciation actualy claimed in prior years is allowable Mark for follow up

Explanation / Answer

Mid month depreciation for the year of disposition

= full year depreciation *(month which asset disposed of - 0.5)

12

So,correct option is B. The deductible amount is determined by the month in which asset is disposed of

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