11. A company is planning to sell old equipment that was purchased 13 years ago for $1,600,000. The market value of the equipment is $500,000. The equipment has depreciated to a book vaue of $300,000. What is the tax implication of the sale of this equipment? The companys marginal tax rate is 34%. tax liability of $102,000 tax savings of $102,000 tax savings of $68,000 tax liability of $68,000