Question 3) (45 points) A piece of construction equipment (asset class 15.0) was purchased by Jones Construction Company. The cost basis is $580,000. a) Determine the GDS depreciation deduction for this property. b) Determine the ADS depreciation deduction for this property. nos beADShich one sbould tery use and why? ADS recovery rates are not given in the text book. You can find the proper property class and use the rates from the table below Recovery Year2345 67 10.00 20.00 20.00 20.00 20.0010.00- 8.33 16.67 16.67 16.67 16.67 16.67 8.33 The values are given in percentage