Tollo's Tutus bought a new sewing machine for $50,000 that will be depreciated over 5 years using double declining bolance depreciation with a switch to straight line
Required:
a. Find the depreciation charge each year,
b. If the sewing machine is sold ofter years for $20,000, what will be the after tax proceeds on the sole if the firm's tax bracket is
35%?
Completo this question by entering your answers in the the below
Rueda
Procured B
Find the depreciation charge each year
Year
1
Depreciation
2
4