The MACRS basis of 5 year property acquired on December 3 2011 is 10000. The property sold on September 4 2012. If the mid quarter convention applies to personal property acquired in 2011 and regualr accelerated MACRS is used, the correct calculation of depreciation expense for 2012 is?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The MACRS basis of 5 year property acquired on December 3 2011 is 10000. The property sold on September 4 2012. If the mid quarter convention applies to personal property acquired in 2011 and regualr accelerated MACRS is used, the correct calculation of depreciation expense for 2012 is?

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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