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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

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).

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