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Convers Corporation (calendar-year-end) acquired and placed in service the following assets during the current tax year: 1. Machinery: original basis = $50,000: placed in service

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Convers Corporation (calendar-year-end) acquired and placed in service the following assets during the current tax year: 1. Machinery: original basis = $50,000: placed in service on January 25 2. Computer equipment: original basis = $40,000: placed in service on February 3 3. Furniture: original basis = $110,000; placed in service on October 22 What is the applicable depreciation convention for the assets Convers placed in service this year assuming Convers elects out of bonus depreciation and does not take $179 expense? Multiple Choice Full-month convention Half-year convention Multiple Choice O Full-month convention O Half-year convention O 200% declining balance O Mid-quarter convention O Mid-month convention

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