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During 2011, equipment was sold for 159000. The equipment cost 262000 and had a book value of $154,000. Accumulated Depreciation on Equipment was $690,000 at

During 2011, equipment was sold for 159000. The equipment cost 262000 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%

1. What is the depreciation expense for 2011

2. what is the after tax gain from selling this equipment

please solve as soon as

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