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How many years using which depreciation method

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Problem 1: Residential rental property that was placed in service during 2020 using MACRS is depreciated over how many years, using which depreciation method and convention?

Option 1: 40 years, 200%-declining-balance method, half-year convention.
Option 2: 27.5 years, straight-line method, mid-month convention.
Option 3: 39 years, straight-line method, mid-month convention.
Option 4: 15 years, 150%-declining-balance method, half-year convention.

Reference no: EM132843510

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