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Assume 21% ord and capital gains tax rates. a. What is the book value of the machine? b. Calculate the firm's tax liability if it

image text in transcribed Assume 21% ord 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: $93,600;$54,600;$13,260; and $9,300. Data table (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 Firet Eniur Dranortu Clocese

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