7-13. A piece of construction equipment (asset class 15.0) was purchased by the Jones Construction Company. The

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7-13. A piece of construction equipment (asset class 15.0) was purchased by the Jones Construction Company. The cost basis was $300,000.

a. Determine the GDS and ADS depreciation deductions for this property. (7.4)

b. Compute the difference in PW of the two sets of depreciation deductions in Part

(a) if i = 12% per year. (7.5)

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