During the current year, Danny, a calendar-year taxpayer, acquired and placed in service the following business assets:

January: Delivery trucks $ 55,000

March: real estate building 150,000 used for warehouse.

June: Computer system 35,000

September: Automobile 25,000

November: Office equipment 95,000

Which convention(s) is(are) used to figure Dannys depreciation for the current year and why?

Write a MEMO in IRAC form - issues, rules analysis conclusion to Dannys problem! NO IRS PUBLICATIONS!!!!