MACRS half year convention
Hello Gurus,
Could you please advise on how to achieve the below rules of MACRS-HY (not STL HY). The Fiscal calendar is set as Jan-Dec. The prorate calendar is 01-Jul.
FIRST AND LAST YEARS REFLECT 1/2 YEAR CONVENTION | ||
| NO DEPRECIATION IS TAKEN ON ASSETS PLACED IN SERVICE AND RETIRED IN THE FIRST YEAR. | ||
| HALF YEAR DEPRECIATION IS TAKEN IN YEAR OF RETIREMENT EXCEPT FOR: | ||
| a. NO DEPRECIATION IF ACQUIRED AND RETIRED IN FIRST YEAR | ||
| b. 1/2 YEAR ALREADY REFLECTED IN FINAL YEAR OF DEPRECIATION | ||
Appreciate your help.
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