New equipment for manufacture of metal products with a cost basis of $900,000 is being depreciated using the MACRS-ADS. The asset will be sold in year 3. Click the icon to view the partial listing of depreciable assets used in business. - X More Info Calculate the depreciation for the asset in year 1. O A. $75,000 MACRS Class Lives and Recovery Periods Recovery Periods O B. $37,500 Asset Class Descriptions of Assets Class Life GDS ADS O C. $128,571 00.11 Office furniture and equipment O D. $150,000 00.12 Information systems, including computers 00.22 Automobiles, taxis O E. $64,286 00.23 Buses 00.241 Light general purpose trucks 00.242 Heavy general purpose trucks 00.26 Tractor units for use over the road 01.1 Agriculture 10.0 Mining 13.2 Production of petroleum and natural gas 13.3 Petroleum refining 15.0 Construction 22.3 Manufacture of carpets 24.4 Manufacture of wood products and fumiture 28.0 Manufacture of chemicals and allied products in 30.1 Manufacture of rubber products 32.2 Manufacture of cement 34.0 Manufacture of fabricated metal products 36.0 Manufacture of electronic components, products, and systems 37.11 Manufacture of motor vehicles 37.2 Manufacture of aerospace products 48.12 Telephone central office equipment 49.13 Electric utility steam production plant 49.21 Gas utility distribution facilities 79.0 Recreation Print Done