Solution-Find the depreciation charge each year

Find the depreciation charge each year

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Reference no: EM132554556

Talia's Tutus bought a new sewing machine for $90,000 that will be depreciated over 5 years using double-declining-balance depreciation with a switch to straight-line.

Required:

a. Find the depreciation charge each year.

b. If the sewing machine is sold after 4 years for $26,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%?

- Required A

-Find the depreciation charge each year.

Required B

If the sewing machine is sold after 4 years for $26,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%?

After-tax proceeds

Reference no: EM132554556

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Find the depreciation charge each year

Reference no: EM132554556

Reference no: EM132554556

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