10. The Gainesville Thunder (a local amateur football team) were just sold by the team owner in 2018. The team sold for $800,000. At a tax rate of 25%, what is the new owner's yearly tax savings if they use straight line depreciation of the purchase price over the full 15 years allowed by the IRS? Yearly tax savings is $13,333 11. Now, assume the new owner decides to depreciate the full purchase price over 5 years using a double declining balance schedule. Assume the same tax rate. The total tax savings over the 5 years would be. and they would save, in the 5th year. (Please round to the nearest $10,000).