Question: A machine is placed in service 1 0 / 1 / 2 3 . The cost of the machine is 2 0 , 0 0

A machine is placed in service 10/1/23. The cost of the machine is 20,000 and no other assets are placed in service during 2023. The taxpayer does not elect 179 or additional first year depreciation.
What is the proper convention? [ Select ]["mid month", "half year", "mid quarter"]
What is the 2023 depreciation for the machine? [ Select ]["2,858","714","20,000"]

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