A nonresidential business building is placed in service by a calendar year tax payer on March 3 for $300,000. a. What is the MACRS-GDS property class? b. Calculate the depreciation deduction for years...

A nonresidential business building is placed in service by a calendar year tax payer on March 3 for $300,000. a. What is the MACRS-GDS property class? b. Calculate the depreciation deduction for years 1, 4, and 8 if it is kept longer than 8 years. c. Calculate the depreciation deduction for years 1, 4, and 8 if it is sold on August 12 in the 8th calendar year. d. Why is it highly unlikely the building will ever be completelydepreciated?