Talias Tutus bought a new sewing machine for $40,000 that will be depreciated using the MACRS depreciation schedule for a 5-year recovery period. a. Find the depreciation charge each year.

Year Depreciation

1_ 2_ 3_ 4_ 5_ 6_

b. If the sewing machine is sold after 3 years for $22,000, what will be the after-tax proceeds on the sale if the firms tax bracket is 35%?