Mr. Donald Spade bought a computer in January to keep records on all the property he owns. The computer cost $70,000 and is to be depreciated using MACRS. Donald's accountant pointed out that under a special tax rule (the rule applies when the value of property placed in service in the last 3 months of the tax year exceeds 40% of all the property placed in service during the tax year), the computer and all property that year would be subject to the midquarter convention. The midquarter convention assumes that all property placed in service in any quarter-year is placed in service at the midpoint of the quarter. Use the midquarter convention to compute Donald's MACRS depreciation for the first year.