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Way Corporation disposed of the following tangible personal property assets in the current year. Original Asset Furniture (7-year) Date Acquired 5/12/2018 Date Sold Convention Basis
Way Corporation disposed of the following tangible personal property assets in the current year. Original Asset Furniture (7-year) Date Acquired 5/12/2018 Date Sold Convention Basis 7/15/2022 HY $82,500 Machinery (7-year) 3/23/2019 3/15/2022 MQ 99,500 Delivery truck (5-year) 9/17/2020 3/13/2022 HY 42,000 Machinery (7-year) 10/11/2021 8/11/2022 MQ 298,600 Computer (5-year) 10/11/2022 12/15/2022 HY 102,000 "Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2022 depreciation deduction (anore $179 expense and bonus depreciation for this problem). (Use MACRS Table 1. Table 2. and Exhibit 10-6) Note: Round your intermediate dollar calculations and final answer to the nearest whole dollar amount. Deprecation deduction)
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