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Way Corporation disposed of the following tangible personal property assets in the current year. Asset Date Acquired Date Sold Convention Original Basis Furniture (7-year) 5/12/17

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

Asset Date Acquired Date Sold Convention Original Basis
Furniture (7-year) 5/12/17 7/15/21 HY $ 77,500
Machinery (7-year) 3/23/18 3/15/21 MQ 94,500
Delivery truck* (5-year) 9/17/19 3/13/21 HY 38,000
Machinery (7-year) 10/11/20 8/19/21 MQ 293,400
Computer (5-year) 10/11/21 12/15/21 HY 98,000

*Used 100 percent for business.

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

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