Milliken uses a digitally controlled ‘‘dyer’’ for placing intricate and integrated patterns on manufactured carpet squares for home and commercial use. It is purchased on April 1 for \($350,000.\) It is expected to last 8 years and have a salvage value of \($30,000.

a. What is the MACRS-GDS property class?

b. Determine the depreciation deduction during each year of the asset’s 8-year life.

c. Determine the unrecovered investment at the end of each of the 8 years.