7-13 Modified. 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 Straight Line (SL) depreciation deductions for this property. (7.4) b. Compute the SL depreciation for the property if the market value was $200,000. c. What is the book value for the asset in year 3 if there is no market value