Question: 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

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.

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