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What depreciation convention must Stem use

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Problem - Stem Corp. bought a machine in February of year 7 for $20,000. Then Stem bought furniture in November of year 7 for $30,000. Both machines were placed in service for business purposes immediately after purchase. No other assets were purchased during year 7. What depreciation convention must Stem use for the machine purchased in February year 7?

a. Mid-month

b. Half-year

c. Mid-quarter

d. Full-year

Reference no: EM132667671

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