Assertion (A):
In Simple Harmonic Motion (S.H.M.),
Kinetic Energy (KE) $= \frac{1}{2}m\omega^2(A^2-x^2)$, where $A$ is amplitude and $x$ is displacement.
Potential Energy (PE) $= \frac{1}{2}m\omega^2x^2$.
If KE = PE, then $\frac{1}{2}m\omega^2(A^2-x^2) = \frac{1}{2}m\omega^2x^2$.
$A^2-x^2 = x^2 \Rightarrow A^2 = 2x^2 \Rightarrow x^2 = \frac{A^2}{2} \Rightarrow x = \pm\frac{A}{\sqrt{2}}$.
So, the distance is $\frac{1}{\sqrt{2}}$ times the amplitude. Assertion (A) is true.
Reason (R):
The potential energy of a particle in S.H.M. is $U(x) = \frac{1}{2}kx^2$. If $x = A \sin(\omega t + \phi)$, then $U(t) = \frac{1}{2}kA^2 \sin^2(\omega t + \phi)$.
Since $\sin^2(\theta) = \frac{1-\cos(2\theta)}{2}$, the potential energy varies with an angular frequency of $2\omega$, making it periodic.
The potential energy is maximum when $x = \pm A$ (extreme displacement), where $U_{max} = \frac{1}{2}kA^2$. Reason (R) is true.
Explanation Check:
While both (A) and (R) are true statements, Reason (R) describes properties of potential energy in S.H.M. but does not directly explain why kinetic and potential energies are equal at $x = A/\sqrt{2}$. The equality comes from equating the mathematical expressions for KE and PE, as shown in the analysis of Assertion (A).
Therefore, (R) is not the correct explanation of (A).
\[ \boxed{\text{(A) and (R) are true. R is not correct explanation of A}} \]