Which the following statement with respect to the depreciation of property under MACRS is incorrect?

A. Under the half-year convention, one-half year of depreciation is allowed in the year the property is placed in service.

B. If the taxpayer elects to use the straight-line method of depreciation for property in the 5-year class, all other 5-year class property acquired during the year must also bbe depreciated using the straight-line method.

C. In some cases, when a taxpayer places a significant amount of propery in service during the last quarter of the year, real property must be depreciated during a mid-quartter convention.

D. The cost of property to which the MACRS rate is applied is not reduced for estimated salvage value.