Problem
A piece of construction equipment (asset class 15.0) was purchased by the Jones Construction Company. The cost basis was $300,000.
a. Determine the GDS and ADS depreciation deductions for this property.
b. Compute the difference in PW of the two sets of depreciation deductions in Part (a) if i = 12% per year.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.