A small business sold an equipment for $30,000 after depreciating the equipment using the MACRS depreciation method. The federal tax liability on this depreciation if the company also had other taxable income of $200,000 in that year. True/False A small business sold an equipment for $30,000 after depreciating the equipment using the MACRS depreciation method. The federal tax liability on this depreciation if the company also had other taxable income of $200,000 in that year. True/False