Use MACRS GDS depreciation for each of the assets, 1-3, to calculate the following items, (a)-(c).
1. A light general-purpose truck used by a delivery business, cost = $17,000.
2. Production equipment used by a Detroit automaker to produce vehicles, cost = $30,000.
3. Cement production facilities used by a construction firm, cost $130,000.
(a) The MACRS GDS property class.
(b) The depreciation deduction for Year 3.
(c) The book value of the asset after 6 years.