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 $420,000. It is sold almost 5 years later on May 15. Click here to access the MACRS-GDS Property Classes Part a Your answer is correct. What is the MACRS-GDS property class? 39-Year Property Attempts: 2 of 3 used Part b Determine the depreciation deduction during each of the years involved. EOY Depreciation Deduction 0 1 $ 2 3 $ 4 $ 5 $ 6 $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $10. Save for Later Attempts: 0 of 3 used Submit Answer 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 $420,000. It is sold almost 5 years later on May 15. Click here to access the MACRS-GDS Property Classes Part a Your answer is correct. What is the MACRS-GDS property class? 39-Year Property Attempts: 2 of 3 used Part b Determine the depreciation deduction during each of the years involved. EOY Depreciation Deduction 0 1 $ 2 3 $ 4 $ 5 $ 6 $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is $10. Save for Later Attempts: 0 of 3 used Submit