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An asset was purchased three years ago for $215,000. It falls into the five- year category for MACRS depreciation. The firm is in a 25 percent tax bracket. Use Table 1212. a. Compute the tax loss on the sale and the related tax benefit if the asset is sold now for $24,560. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to whole dollars.) X Answer is complete but not entirely correct. Tax loss on the sale 37,360 14,944 X Tax benefit b. Compute the gain and related tax on the sale if the asset is sold now for $75,060. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to whole dollars.) X Answer is complete but not entirely correct. $ 13,140 Taxable gain Tax obligation $ 5,256