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Find the depreciation charge year

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Reference no: EM132680059

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%?

Reference no: EM132680059

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