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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 5/12/18 Date Sold Convention

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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 5/12/18 Date Sold Convention Basis 7/15/22 HY $ 55,000 Machinery (7-year) 3/23/19 3/15/22 MQ 72,000 Delivery truck* (5-year) 9/17/20 3/13/22 HY 20,000 Machinery (7-year) 10/11/21 8/11/22 MQ 270,000 Computer (5-year) 10/11/22 12/15/22 HY 80,000 *Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2022 depreciation deduction (ignore 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. Depreciation deduction

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