Hadley's Bakery purchased appliances (5 year property) in quarter 4 of Year 1. The original cost of the appliances was $22,000 and she did NOT use bonus depreciation or Section 179 expenting in the year of purchase. The mid-quarter convention has been used for the calculation of depreciation. I Hadley sells the appliances in April of Year 4, she will be able to deduct MACRS Mid Quarter tables for property placed in service during the 2nd quarter Year 7 yr 5.00 3.57 38.00 27.55 22 80 19.68 13.68 14.06 MACRS Mid Quarter tables for property placed in service during the 4th quarter Year 5 yr 7 yr 5.00 3.57 38.00 27.55 22.80 19.68 13.68 14.06 1 2 3 4 MACRS Mid Qtr convention percentage of a Full year's depreciation in Year of disposition Quarter of disposition Percentage 150 12.5% 37.5% 62.5% 87.5% 2nd 3rd 4th