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?
Value of Sewing maching 40000
CALCULATION OF DEPRECIATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR ...
Response helps in telling about the steps to compute the machine depreciation and after tax sale proceeds