Please Help Me Clarify For 2012

[WImom]

I'm always confused when this comes up. (right now i'm entering cots I just bought into MM and have no idea what to choose.)

Is there a general guideline on what to pick for Method and Convention when using Minute Menu?

Method: 7y Straight Line, 7y 200% Decline, Other
Convention: half year, mid quarter, other

Thanks!!

[TomCopeland]

depreciation and MM

For a home improvement or the home - enter "Other" and "Other"
For all other depreciation items - 200% Declining Balance, and half year

[WImom]

Thank you!