Question: please show step by step solution. thanks. A permanent steel building used for the overhaul of dewatering systems (engines, pumps, and wellpoints) is placed in

please show step by step solution. thanks.

A permanent steel building used for the overhaul of dewatering systems (engines, pumps, and wellpoints) is placed in service on July 10 by a calendar-year taxpayer for $580,000. It is sold almost 5 years later on May 15. Determine the depreciation deduction during each of the years involved

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