Doug bought a new car for 40000 that will be depreciated, Finance Basics

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Doug bought a new car for 40000 that will be depreciated

Doug bought a new car for $40,000 that will be depreciated using the MACRS depreciation scheduale for a 5-year period.
A) find the depreciation charge each year.
B) If the sewing machin is sold after 3 years for $22,000, what will be the after-tax proceeds on the sale if the tax bracket is 35%?

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Finance Basics: Doug bought a new car for 40000 that will be depreciated

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Finance Basics: Doug bought a new car for 40000 that will be depreciated

Reference No:- TGS0634960

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Ask an Expert for Answer!!

Finance Basics: Doug bought a new car for 40000 that will be depreciated

Reference No:- TGS0634960

Recent Questions Asked Finance Basics

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