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Way Corporation disposed of the following tangible personal property assets in the current year. Date Date Original Asset Acquired Sold Convention Basis Furniture (7-year) 5/12/15

Way Corporation disposed of the following tangible personal property assets in the current year.

Date Date Original
Asset Acquired Sold Convention Basis
Furniture (7-year) 5/12/15 7/15/19 HY $ 87,500
Machinery (7-year) 3/23/16 3/15/19 MQ 104,500
Delivery truck* (5-year) 9/17/17 3/13/19 HY 46,000
Machinery (7-year) 10/11/18 8/11/19 MQ 303,800
Computer (5-year) 10/11/19 12/15/19 HY 106,000

*Used 100 percent for business.

Assume that the delivery truck is not a luxury auto. Calculate Way Corporations 2019 depreciation deduction (ignore 179 expense and bonus depreciation for this problem). (Use MACRS Table 1, Table 2, and Exhibit 10-6.)

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