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Way Corporation disposed of the following tangible personal property assets in the current year. Original Asset Date Acquired Furniture (7-year) 5/12/17 Date Sold 7/15/21
Way Corporation disposed of the following tangible personal property assets in the current year. Original Asset Date Acquired Furniture (7-year) 5/12/17 Date Sold 7/15/21 Machinery (7-year) 3/23/18 3/15/21 Delivery truck (5-year) 9/17/19 Machinery (7-year) 10/11/20 3/13/21 8/31/21 Computer (5 year) 10/11/21 12/15/21 REPERE Convention Basis HY MQ HY $ 107,500 124,500 62,000 MQ 324,600 HY 122,000 *Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2021 depreciation deduction (ignore $179 expense and bonus depreciation for this problem). (Use MACRS Table 1. Table 2, and Exhibit 10-6.) (Round your intermediate dollar calculations and final answer to the nearest whole dollar amount.) Depreciation deduction
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