Question: When does a business have to use the mid - quarter convention? When a tangible personal property asset is placed in service during the fourth

When does a business have to use the mid-quarter convention?
When a tangible personal property asset is placed in service during the fourth quarter of the year
When more than 60% of the tangible personal property purchased is placed in service during the fourth quarter of the year
When more than 40% of the tangible personal property purchased is placed in service during the fourth quarter of the year
When more that half of a business's assets including real property purchased are placed in service during the fourth quarter of the year
When does a business have to use the mid -

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