During 2011, equipment was sold for 158000. The equipment cost 258000 and had a book value of $154,000. Accumulated Depreciation on Equipment was $690,000 at 12/31/10 and $755,000 at 12/31/11. If the tax rate is 40% What is the depreciation expense for 2011 Answer for part 1 what is the after tax gain from selling this equipment