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answer part b only Book value and taxes on sale of assets Troy Industries purchased a new machine 3 year(s) ago for $80,000. It is

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answer part b only
Book value and taxes on sale of assets Troy Industries purchased a new machine 3 year(s) ago for $80,000. It is being depreciated under MACRS with a 5-year recovery period using the schedule. Assume 21\% ordinary and capital gains tax rates. a. What is the book value of the machine? b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $100,000;$56,000;$23,200; and $15,000. a. The remaining book value is $ (Round to the nearest dollar.) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes convention

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