Talias Tutus bought a new sewing machine for $65,000 that will be depreciated over 5 years using double-declining-balance depreciation with a switch to straight-line.

Required:

a. Find the depreciation charge each year.

b. If the sewing machine is sold after 3 years for $29,000, what will be the after-tax proceeds on the sale if the firms tax bracket is 35%?

15 Talia's Tutus bought a new sewing machine for $65,000 that will be depreciated over 5 years using double-declining balance depreciation with a switch to straight-line. Required: a. Find the depreciation charge each year. b. If the sewing machine is sold after 3 years for $29,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%? 2. points Complete this question by entering your answers in the tabs below. Required A Required B Find the depreciation charge each year. Year Depreciation 1 2 3 4 6 5 15 Talia's Tutus bought a new sewing machine for $65,000 that will be depreciated over 5 years using double-declining balance depreciation with a switch to straight-line. Required: a. Find the depreciation charge each year. b. If the sewing machine is sold after 3 years for $29,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%? points Complete this question by entering your answers in the tabs below. Required A Required B If the sewing machine is sold after 3 years for $29,000, what will be the after-tax proceeds ont bracket is 35%? After-tax proceeds