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Way Corporation disposed of the following tangible personal property assets in the current year. + Asset Furniture (7-year) Machinery (7-year) Delivery truck* (5-year) Machinery (7-year)
Way Corporation disposed of the following tangible personal property assets in the current year. + Asset Furniture (7-year) Machinery (7-year) Delivery truck* (5-year) Machinery (7-year) Computer (5-year) Date Acquired 5/12/15 3/23/16 9/17/17 10/11/18 10/11/19 Date Sold 7/15/19 3/15/19 3/13/19 8/11/19 12/15/19 Convention HY MQ HY MQ HY Original Basis 92,500 109,500 50,000 309,000 110,000 *Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2019 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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