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Way Corporation disposed of the following tangible personal property assets in the current year. Date Acquired Original Basis 5/12/19 3/23/20 9/17/21 Asset Furniture (7-year) Machinery
Way Corporation disposed of the following tangible personal property assets in the current year. Date Acquired Original Basis 5/12/19 3/23/20 9/17/21 Asset Furniture (7-year) Machinery (7-year) Delivery truck* (5-year) Machinery (7-year) Computer (5-year) 10/11/22 10/11/23 Depreciation deduction Date Sold 7/15/23 3/15/23 3/13/23 8/11/23 12/15/23 Convention HY MQ HY MQ HY $ 112,500 129,500 66,000 329,800 126,000 Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2023 depreciation deduction (ignore 179 expense and bonus depreciation for this problem). (Use MACRS Table 1, Table 2, and Exhibit 10-6.) Note: Round your intermediate dollar calculations and final answer to the nearest whole dollar amount.
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