42. Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school (several years ago) that she is planning to use in her business. What is the depreciable basis that Brittany should use in her business for each asset, given the following information? Page 10-49 Asset Computer Printer Desk Purchase Price FMV at Time Converted to Business Use $5,500 $3,800 3,300 3,150 4,200 4,000 3,200 3,225 File cabinet 50. Way Corporation disposed of the following tangible personal property assets in the current year. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2020 depreciation deduction (ignore $179 expense and bonus depreciation for this problem). Asset Furniture (7-year) Machinery (7-year) Delivery truck* (5-year) Machinery (7-year) Computer (5-year) Date Acquired Date Sold Convention Original Basis 5/12/16 7/15/20 HY $ 55,000 3/23/17 3/15/20 MQ 72,000 9/17/18 3/13/20 HY 20,000 10/11/19 8/11/20 MQ 270,000 10/11/20 12/15/20 HY 80,000 *Used 100 percent for business