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*Chapter 9, Problem 041 permanent steel building used for the overhaul of dewatering systems (engines,...

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*Chapter 9, Problem 041 permanent steel building used for the overhaul of dewatering systems (engines, pumps, and welpoints) is placed in service on July 10 by a calendar-year taxpayer for $360,000. It is sold almost 5 years later on May 15. Click here to access the MACRS-GDS Property Classes What is the MACRS-GDS property class? Determine the depreciation deduction during each of the years involved EOY Depreciation Deduction Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 3%. Determine the unrecovered investment during each of the years involved. EOY Unrecovered Investment

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