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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) 5/12/16

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) 5/12/16 7/15/20 HY $ 75,000
Machinery (7-year) 3/23/17 3/15/20 MQ 92,000
Delivery truck* (5-year) 9/17/18 3/13/20 HY 36,000
Machinery (7-year) 10/11/19 8/11/20 MQ 290,800
Computer (5-year) 10/11/20 12/15/20 HY 96,000

*Used 100 percent for business.

Assume that the delivery truck is not a luxury auto. Calculate Way Corporations 2020 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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