3. In May of 2015, McGinni, Inc. traded in a computer and peripheral equipment used in its 3D printing business that had a book value at the time equal to $30,000. A new, faster computer system having a fair market value of $450,000 was acquired. Because the vendor accepted the older computer as a trade-in, a deal was agreed to whereby McGinni would pay $375,000 in cash for the new computer system. a. What is the GDS property class of the new computer system? b. What is the MACRS recovery period for the new computer system? c. Compute the cost basis for the new computer system by using the following formula: Cost basis = actual cash cost + book value of trade-in. d. Compute and tabulate the depreciation allowances and book values for the new computer system