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Way Corporation disposed of the following tangible personal property assets in the current year. Asset Date Acquired Date Sold Convention Original Basis Furniture (7-year) 5/12/2018

Way Corporation disposed of the following tangible personal property assets in the current year. Asset Date Acquired Date Sold Convention Original Basis Furniture (7-year) 5/12/2018 7/15/2022 HY $ 85,000 Machinery (7-year) 3/23/2019 3/15/2022 MQ 102,000 Delivery truck* (5-year) 9/17/2020 3/13/2022 HY 44,000 Machinery (7-year) 10/11/2021 8/11/2022 MQ 301,200 Computer (5-year) 10/11/2022 12/15/2022 HY 104,000 *Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way

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