QUESTION 10 y 1 poi A taxpayer places in service the following used properties during the year: Type of property Date placed in service Machinery Equipment Warehouse Cost 55,000 October 25 534,000 November 8 160,000 March 17 The taxpayer elects to expense the maximum amount of Section 179 expense allowed in 2017 and elects to apply Section 179 to the equipment. For purposes of determining whether the half-year or mid-quarter convention applies, the percentage of property placed in service in the fourth quarter is: 43.1 %. 30.4%. 0770%. o 90.5% 20.6%