I:10-31 MACRS Dispositions. Tampa Corporation sold the following assets in 2022:

Date Acquired Date Sold Original Cost Basis Depreciation/

Cost-

Recovery Method Recovery Period

(Years)

Sales Price Automobile 1/1/19 12/1/22a $ 9,000 MACRS 5 $ 1,200 Equipment 1/6/19 9/1/22a 20,000 MACRS 7 9,500 Building

(nonresidental)

4/1/12 12/10/22 100,000 MACRS 39 240,000 a The half-year convention was used in the year of acquisition. Tampa did not claim Sec. 179 expense or bonus depreciation during the acquisition years.

a. What is the depreciation deduction for each asset in 2022?

b. Compute the gain or loss on each asset sold.