Question 3 0/1 pts Five-year property costing $25,000 was placed in service on April 11 of the current year. Assume the following: . The property has no salvage value . . The property is depreciated using the straight line method The company elects not to take advantage of either bonus depreciation or the Code Sec. 179 deduction The mid-quarter convention applies What will be depreciation expense with regard to this property for the current year? $5,000 $3,125 $4.375 None of the above