please DO NOT USE EXCELL for solution professor do not accept

7) ACME Co bought a new sewing machine for $40,000 that will be depreciated using the MACRS depreciation schedule for a 5-year recovery period as seen below. Find the depreciation charge each year. If the sewing machine is sold after 3 years for $22,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%? a Year 5 Year Year 33.33 44 45 14.8 7.41 14.29 24 49 17.49 12.49 8.93 8.92 8.93 446 20.00 32 00 9.20 11.52 11.52 5. 76