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 $300,000. It is sold almost 5 years later on May 15. Click here to access the MACRS-GDS Property Classes Determine the depreciation deduction during each of the years involved. EOY Depreciation Deduction 0 1 2 3 $ $ $ s 4 5 $ 6 $