For an asset bought in 12/03 I know I have to use 200db-MQ based on your very helpful video, but what happens the second year and after? Can convention be changed to HY? I'm practicing an example on a tax software and it automatically chooses HY convention the second year. I appreciate your videos and your answer on this question I have. Thank you!
0:28 half year convention
1:15 mid-quanter convention
4:05 10.5 months
5:14 percentage
6:52
Thank you Professor for sharing this information.
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For an asset bought in 12/03 I know I have to use 200db-MQ based on your very helpful video, but what happens the second year and after? Can convention be changed to HY? I'm practicing an example on a tax software and it automatically chooses HY convention the second year. I appreciate your videos and your answer on this question I have. Thank you!