A mold for manufacturing powered metal firearms parts is purchased by Remington at the beginning of the fiscal year for $120,000. The estimated salvage value after 8 years is $100,000. Calculate the depreciation deduction and book value for each year using MACRS-GDS allowances.

A. What is the MACRS-GDS property class?

B. Assume the complete depreciation schedule is used.

C. Assume the asset is sold during the 6th year of use.

Please show the written answer, not the excell version. Thanks!