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Andrew's Art Studio, a Calender year company, Durchased three assets during the year. A computer costing $1.500 was purchased in April: office furniture costing $1,800

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Andrew's Art Studio, a Calender year company, Durchased three assets during the year. A computer costing $1.500 was purchased in April: office furniture costing $1,800 was purchased in July, and a delivery truck costing $77,000 was purchased in October Which of the following statements is correct regarding the depreciation of the assets assuming no bonus deprecation is taken)? The art studio should use the half year convention for the computer and the office Furniture and the mid quarter convention for the delivery truck The art studio must use the mid-quartet convention for any assets that are not expensed under Section 179. O The art studio con use the half year convention for the computer and the office furniture the delivery truck is expensed under Section 179 O The art studio can only use Sec 179 to expense the computer and office furniture. The truck must be deprecated using the mid-quarter convention

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