Talia's tutus bought a new sewing machine for $55,000 that will be depreciated over 5 years using
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Question:
Talia's tutus bought a new sewing machine for $55,000 that will be depreciated over 5 years using double declining balance
Depreciation with a switch to straight line.
A.Find the depreciation charge each year
B.If the sewing machine is sold after 2 years for $36,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%?
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