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Way Corporation disposed of the following tangible personal property assets in the current year. Assume that the delivery truck is not a luxury auto. Calculate
Way Corporation disposed of the following tangible personal property assets in the current year. Assume that the delivery truck is not a luxury auto. Calculate Way Corporations depreciation deduction ignore expense and bonus depreciation for this problem
Asset
Date acquired
Date sold
Convention
Original
Basis
Furniture year
HY
$
Machinery year
MQ
$
Delivery truck year
HY
$
Machinery year
MQ
$
Computer year
HY
$
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