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Property, Inc. placed the following assets in service during 2019.Confirm the depreciation convention and the amount of depreciation expense for the initial year. (assume no

Property, Inc. placed the following assets in service during 2019.Confirm the depreciation convention and the amount of depreciation expense for the initial year. (assume no Section 179 or bonus depreciation)

Asset # 1 - Office Building - $3,500,000 placed in service Sept. 17

Asset # 2 - Equipment - $365,000 (7 year property) placed in service May 9.

Asset # 3 - Computer - $30,000 (5 year property) placed in service June 16.

Asset # 4 - Equipment - $468,000 (7 year property) placed in service Nov. 27

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