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Item 6

Problem 10-50 (LO 10-2) (Static)

Way Corporation disposed of the following tangible personal property assets in the current year.

	Date	Date		Original
Asset	Acquired	Sold	Convention	Basis
Furniture (7-year)	5/12/16	7/15/20	HY	$	55,000
Machinery (7-year)	3/23/17	3/15/20	MQ		72,000
Delivery truck* (5-year)	9/17/18	3/13/20	HY		20,000
Machinery (7-year)	10/11/19	8/11/20	MQ		270,000
Computer (5-year)	10/11/20	12/15/20	HY		80,000

*Used 100 percent for business.

Assume that the delivery truck is not a luxury auto. Calculate Way Corporations 2020 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.)