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Shockers Corp. acquires an asset for $ 2 0 0 , 0 0 0 which they estimate 3 years as the service life. For any

Shockers Corp. acquires an asset for $200,000 which they estimate 3 years as the service life. For any taxable income, Shockers Corp uses a tax rate of 50%.
a)Given double declining balance depreciation method, calculate the deprecation rateand then the depreciation amounts for year 1 through 3. How much tax will this corporation pay and what will be the ATCF for each of the following scenarios for the given year?
b) After 3 years the asset is sold for $80,000
c) After 2 years the asset is sold for $300,000
d) After one year the asset is sold for $20,000
PLEASE SHOW MATH STEPS!!!
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