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    Machine Depreciation and After Tax Sale Proceeds

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    Operating Cash Flows. 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 percent?

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    https://brainmass.com/business/accounting/machine-depreciation-after-tax-sale-proceeds-191961

    Solution Preview

    Value of Sewing maching 40000

    CALCULATION OF DEPRECIATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR ...

    Solution Summary

    Response helps in telling about the steps to compute the machine depreciation and after tax sale proceeds

    $2.19

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