MACRS Dispositions. Tampa Corporation sold the following assets in 2021: Depreciation/ Cost- Recovery Date Original Recovery Period Sales Acquired Date Sold Cost Basis Method (Years) Price Automobile 1/1/18 12/1/21 $ 9,000 MACRS 5 $ 1,200 Equipment 1/6/18 9/1/21 20,000 MACRS 7 9,500 Building 4/1/11 12/10/21 100,000 MACRS 240,000 (nonresidental) The half-year convention was used in the year of acquisition. Tampa did not claim Sec. 179 expense or bonus depre- ciation during the acquisition years. a. What is the depreciation deduction for each asset in 2021? b. Compute the gain or loss on each asset sold. 39