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Asset Furniture (7-year) Date Acquired 5/12/17 Way Corporation disposed of the following tangible personal property assets in the current year. Original Basis Date Sold
Asset Furniture (7-year) Date Acquired 5/12/17 Way Corporation disposed of the following tangible personal property assets in the current year. Original Basis Date Sold Convention 7/15/21 HY $ 97,500 Machinery (7-year) 3/23/18 3/15/21 114,500 Delivery truck (5-year) 9/17/19 3/13/21 HY 54,000 Machinery (7-year) 10/11/201 8/27/21 314,200 Computer (5-year) 10/11/21 12/15/21 HY 114,000 "Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2021 depreciation deduction (ignore $179 expense and bonus depreciation for this problem). (Use MACRS Table 1. Table 2. and Exhibit 10-6.) (Round your intermediate dollar calculations and final answer to the nearest whole dollar amount.) Depreciation deduction
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