An asset was purchased three years ago for $185,000. It falls into the five-year category for MACRS depreciation. The firm is in a 30 percent tax bracket. Use Table 12-12. a. Compute the tax loss on the sale and the related tax benefit if the asset is sold now for $21, 560. b. Compute the gain and related tax on the sale if the asset is sold now for $69, 060