A taxpayer places in service the following used properties during theyear:

Type of property Date placed in service Cost

Machinery March 17 $ 85,000

Equipment October 25 70,000

Warehouse November 8 160,000

The taxpayer elects to expense the maximum amount of Section 179 expense allowed in 2014 and elects to apply Section 179 to the equipment. For purposes of determining whether the half-year or mid-quarter convention applies, the percentage of property placed in service in the fourth quarter is:

a. 45.16%.

b. 34.62%.

c. 73.02%.

d. 70.69%.

e. 53.85%