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Way Corporation disposed of the following assets in the current year.AssetDate AcquiredDate SoldConventionOriginal BasisMachinery (7-year)8/5/205/13/22Mid-quarter$50,000Office...

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Accounting

Way Corporation disposed of the following assets in the current year.

AssetDate AcquiredDate SoldConventionOriginal Basis
Machinery (7-year)8/5/205/13/22Mid-quarter$50,000
Office building4/3/189/28/22Mid-month$310,000

*Ignore Section 179 expense and bonus depreciation for this problem. Round your answer to the nearest whole dollar.

LOOK AT THE QUESTIONS BELOW. STOP SPAMMING BACK TO ME. IT IS COMPLETE QUESTION.

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Depreciation Rate for Recovery Period Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% 44.45 32.00 24.49 18.00 9.50 7.219 14.81 19.20 17.49 14.40 8.55 6.677 4 7.41 11.52 12.49 11.52 7.70 6.177 UI 11.52 8.93 9.22 6.93 5.713 6 5.76 8.92 7.37 6.23 5.285 7 8.93 6.55 5.90 4.888 8 4.46 6.55 5.90 4.522 9 6.56 5.91 4.462 10 6.55 5.90 4.461 11 3.28 5.91 4.462 12 5.90 4.461 13 5.91 4.462 14 5.90 4.461 15 5.91 4.462 16 2.95 4.461 17 4.462 18 4.461 19 4.462 20 4.461 21 2.231

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