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During the year, Fine Furnishings, a manufacturer of furniture, purchased the following assets: Cost S 40,000 2. Asset Lathes Saws Warehouse Date February 15 March

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During the year, Fine Furnishings, a manufacturer of furniture, purchased the following assets: Cost S 40,000 2. Asset Lathes Saws Warehouse Date February 15 March 3 October 9 50,000 110,000 In computing depreciation of these assets, which of the following conventions will be used? A. Half-year, mid-month B. Mid-quarter, mid-month C. Half-year, mid-quarter, mid-month D. Mid-quarter E. Some combination other than those given above

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