A building used for the overhaul of dewatering systems (MACRS-GDS 39-year property) is placed in service on October 10 by a calendar-year taxpayer for $140,000. It is sold almost 4 years later on August 15. Determine the depreciation deduction during years 1, 3, and 5 and the book value at the end of years 1, 3, and 5 using MACRS-GDS allowances. (White P-100) White, John A., Kellie Grasman, Kenneth Case, Kim Needy, David Pratt. Fundamentals of Engineering Economic Analysis, Enhanced eText, 2nd Edition. Wiley, 11/2019. VitalBook file. The citation provided is a guideline. Please check each citation for accuracy before use.
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A building used for the overhaul of dewatering systems (MACRS-GDS 39-year property) is placed in ser...
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