Bright Blue Corporation bought a machine in February of this year for $20,000 and purchased office furniture in November for $30,000. No other asset purchases occurred in the year and all assets were placed in service when purchased. If Bright Blue does not elect 179 or additional first year depreciation what depreciation convention must they use. Bright Blue Corporation bought a machine in February of this year for $20,000 and purchased office furniture in November for $30,000. No other asset purchases occurred in the year and all assets were placed in service when purchased. If Bright Blue does not elect 179 or additional first year depreciation what depreciation convention must they use.

Mid-Year

Middle of nothing

Mid-Month

Mid-Quarter