A permanent steel building used for the overhaul of dewatering systems (engines, pumps, and wellpoints) is placed in service on July 10 by a calendar-year taxpayer for $360,000. It is sold almost 5 years later on May 15. Click here to access the MACRS-GDS Property Classes 1 Part a Your answer is correct. What is the MACRS-GDS property class? 39-Year Property eTextbook and Media Part b Determine the depreciation deduction during each of the years involved. EOY Depreciation Deduction Attempts: 3 of 3 used