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At the beginning of 2021. Sheridan Co. purchased an asset for $1450000 with an estimated useful life of 5 years and an estimated salvage value

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At the beginning of 2021. Sheridan Co. purchased an asset for $1450000 with an estimated useful life of 5 years and an estimated salvage value of $115000. For financial reporting purposes the asset is being depreciated using the straight-line method; for tax purposes the double-declining-balance method is being used. Sheridan Co.'s tax rate is 20% for 2021 and all future years. At the end of 2021 , what are the book basis and the tax basis of the asset

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