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Way Corporation disposed of the following tangible personal property assets in the current year Date Acquired Date Sold Original Basis Convention HY MQ HY MQ
Way Corporation disposed of the following tangible personal property assets in the current year Date Acquired Date Sold Original Basis Convention HY MQ HY MQ HY Asset Furniture (7-year) Machinery (7-year) Delivery truck* (5-year) Machinery (7-year) Computer (5-year) 5/12/2014 7/15/2018 3/23/2015 3/15/2018 9/17/2016 3/13/2018 10/11/2017 8/11/2018 10/11/2018 12/15/2018 $ 62,500 79,500 26,000 277,800 86,000 "Used 100 percent for business Assume that the delivery truck is not a luxury auto. Calculate way Corporation's 2018 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 $95,796
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