Dictionary Home »
The American Heritage Dictionary of Business Terms » half-year convention
half-year convention
half-year convention definition - business
half-year convention
The assumption for tax purposes that a newly acquired asset is placed in service halfway through the year regardless of when the asset is actually acquired and placed in service. The half-year convention affects annual depreciation, taxation, and earnings calculations.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Print
E-mail
Link/Cite
Bookmark
Add to Word List
Share on FacebookComments
Improve this definition.
Browse dictionary definitions near half-year convention
half-witted
half-node
Suggestion Box
Follow YD on
