The mid-month convention applies to... a. assets purchased during the last 3 months whose...
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Accounting
The mid-month convention applies to...
a. assets purchased during the last 3 months whose aggregate basis exceeds 40% of the aggregate basis of assets purchased during the year
b. assets other than buildings purchased during the last 3 months whose aggregate basis exceeds 40% of the aggregate basis of assets other than buildings purchased during the year
c. buildings
d. buildings and land
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