(Solution) - Talia s Tutus bought a new sewing machine for 40 000 that -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Talia's 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.
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 firm's tax bracket is 35%?