What are the two depreciation conventions that apply to tangible personal property under MACRS? Explain why Congress provides two methods.

• What are the two depreciation conventions that apply to tangible personal property under MACRS? Explain why Congress provides two methods.
• Explain the two limitations placed on the Sec 179 deduction. How are they similar? How are they different?

Please post what you view as the appropriate responses to the above prompts. Your initial post should be 250-300 words. Please provide response with a clear, well-formulated thesis; sentence structure, grammar, punctuation, and spelling count. Support ALL posts with appropriate rationale and citations from readings; document sources using APA format.