Question 2. Rob is a calendar year taxpayer. Prior to consideration of any Section 179 expense or bonus depreciation, Rob placed in service $600,000 of 5-year assets in the 1st quarter and $700,000 of 7-year assets in the 4th quarter. Rob elected to take $500,000 of Section 179 expense in respect to the 7-year assets and elected not to take any Section 179 expense in respect to the 5-year assets. He also elected out of bonus depreciation on all assets. Which convention will Rob's 5-year and 7-year assets use? Half-year convention Mid-quarter convention Mid-month convention Full-year convention