Convers Corporation (calendar-year-end) acquired and placed in service the following assets during the current tax year:

1. Machinery: original basis = $84,000; placed in service on October 25
2. Computer equipment: original basis = $24,000; placed in service on February 3
3. Used delivery truck*: original basis = $37,000; placed in service on March 17
4. Furniture: original basis = $164,000; placed in service on December 22

*The delivery truck is not a luxury automobile.

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

• Half-year convention

• Full-month convention

• 200% declining balance

• Mid-quarter convention

• Mid-month convention