An employee who receives sick pay is taxed on it. It is treated the same as other taxable compensation, which means it is taxable for income tax purposes and subject to FICA.
Employers who give sick pay to an employee can deduct the payment. Again, it is merely another form of taxable compensation.
Rule for determining MACRS depreciation in the year property is placed in service. Either a half-year convention or mid-quarter convention applies.