- X More Info More Info GDS Recovery Rates (r) for the Six Personal Property Classes MACRS Class Lives and Recovery Periods Recovery Period (and Property Class Recovery Periods Year 3-year 5-year 7-year 10-year 15-year 20-year Asset Class Descriptions of Assets Class Life GDS ADS 0.3333 0.2000 0.1429 0.1000 0.0500 0.0375 00.11 Office furniture and equipment 10 0.4445 0.3200 0.2449 0.1800 0.0950 0.0722 00.12 Information systems, including computers 0.1481 0.1920 0.1749 0.1440 0.0855 0.0668 00.22 Automobiles, taxis 0.0741 0.1152 0.1249 0.1152 0.0770 0.0618 00.23 Buses 0.1152 0.0893 0.0922 0.0693 0.0571 00.241 Light general purpose trucks 0.0576 0.0892 0.0737 0.0623 0.0528 00.242 Heavy general purpose trucks 0.0893 0.0655 0.0590 0.0489 00.26 Tractor units for use over the road 0.0446 0.0655 0.0590 0.0452 01.1 Agriculture 0.0656 0.0591 0.0447 10.0 Mining 0.0655 0.0590 0.0447 13.2 Production of petroleum and natural gas 0.0328 0.0591 0.0446 13.3 Petroleum refining 0.0590 0.0446 15.0 Construction 0.0591 0.0446 22.3 Manufacture of carpets 0.0590 0.0446 24.4 Manufacture of wood products and fumiture 0.0591 0.0446 28.0 Manufacture of chemicals and allied products .5 Manufacture of rubber products 14 0.0295 0.0446 30.1 0.0446 32.2 Manufacture of cement 12 18 0.0446 34.0 Manufacture of fabricated metal products 19 36.0 0.0446 Manufacture of electronic components, products, and systems 12 20 0.0446 37.11 Manufacture of motor vehicles 21 0.0223 37.2 Manufacture of aerospace products 10 48.12 Telephone central office equipment 18 49.13 Electric utility steam production plant 28 49.21 Gas utility distribution facilities 35 79.0 Recreation Print DoneA company purchased new construction machinery in year 2015 by paying $300,000 cash. The company used MACRS-GDS depreciation for tax purposes and sold the asset in year 2017. Note that MACRS depreciations are based on calender years. Click the icon to view the partial listing of depreciable assets used in business. Click the icon to view the GDS Recovery Rates (*). Calculate the depreciation that the company claimed on the asset for year 2017. O A. $57,600 O B. $17,280 O C. $96,000 O D. $48,000 O E. $28,800 What was the book value of the asset at the time sale in 2017. ? O A. $86,400 O B. $144,000 O C. $271,200 O D. $115,200 O E. $192,000