4 A wood products company has decided to purchase new logging equipment for $95,000 with a trade-in of its old equipment. The old equipment has a BV of $9,000 at the time of the trade-in. The new equipment will be ke for 10 years before being sold. Its estimated SV at the time is expected to be $4000 What is the recovery period of the asset, using the GDS guidelines? Click the icon to view the partial listing of depreciable assets used in business X Choose the correct answer below More info A. The recovery period of the asset using the GDS guidelines is 3 years MACRS Class Lives and Recovery Periods OB. The recovery period of the asset using the GDS guidelines is 7 years Recovery Periode OC. The recovery period of the asset using the GDS guidelines is 10 years. Assets Descriptions of Assets Class Life OS ADS 00.11 OD. The recovery period of the asset using the GDS guidelines is 9 years Office furniture and equipment 10 10 00.12 Information systems, indluding computers 6 5 5 0022 Automobiles taxis 3 5 0023 Buses 9 5 00.241 Light general purpose trucks S 00.242 Heavy general purpose trucks 6 5 00.26 Tractor units for use over the road 4 3 01.1 Agriculture 7 Mining 10 7 10 13.2 Production of petroleum and natural gas 14 13.3 Petroleum refining 16 10 15.0 Construction 6 5 223 Manufacture of carpets 9 5 24.4 Manufacture of wood products and furniture 7 10 28.0 Manufacture of chemicals and alied products 9.5 5 9.5 30.1 Manufacture of rubber products 14 7 14 32.2 Manufacture of coment 20 20 34.0 Manufacture of fabricated metal products 12 7 12 30.0 Manufacture of electronic components, products, and systems 6 5 37.11 Manufacture of motor vehicles 7 12 37.2 Manufacture of erospace products 7 10 43.12 Telephone central office equipment 18 10 18 49.13 Electric utility steam production plant 28 20 28 49.21 Gasty distribution facilities 35 20 35 790 Recreation 10 7 10 5 9 5 6 4 10 10 10.0 14 7 10 6 10 15 apoHBH 8888888 12 10