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Way Corporation disposed of the following tangible personal property assets in the current year. 27 Sints Asset Furniture (7-year) Machinery (7-year) Delivery truck (5-year) Machinery

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Way Corporation disposed of the following tangible personal property assets in the current year. 27 Sints Asset Furniture (7-year) Machinery (7-year) Delivery truck (5-year) Machinery (7-year) Computer (5-year) Date Acquired 5/12/16 3/23/17 9/17/18 10/11/19 10/11/20 Date Sold Convention 7/15/20 HY 3/15/20 3/13/20 HY 8/11/28 MO 12/15/20 HY Original Basis $ 102,580 119,500 58,000 319,400 118, eee "Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2020 depreciation deduction (ignore 5179 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.) Answer is complete but not entirely correct. Depreciation deduction $ 26,850

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