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Table 1 MACRS Half-Year Convention EXHIBIT 10-6 Mid-Quarter Convention Percentage of Full-Year's Depreciation in Year of Disposition *The calculation is the number of months the
Table 1 MACRS Half-Year Convention EXHIBIT 10-6 Mid-Quarter Convention Percentage of Full-Year's Depreciation in Year of Disposition *The calculation is the number of months the taxpayer held or is deemed to have held the asset in the year of disposition divided by 12 months in the year. Way Corporation disposed of the following tangible personal property assets in the current year. *Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2023 depreciation deducti (ignore $179 expense and bonus depreciation for this problem). (Use MACRS Table 1, Table 2, and Exhibit 1 Note: Round your intermediate dollar calculations and final answer to the nearest whole dollar amount. TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter
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