Book value and taxes on sale of assets Troy Industries purchased a new machine 4 year(s) apo for 584,000 . it is being depreciated under MAcRS with a 5 -year recovery period ising the schedule Assume 40% oedinary and capital gains tax rates a. What is the book value of the machine? b. Calculate the firmis tax llabilify it it sold the machine for each of the following amounts: 5100,800,558,800,$14,280; and 510,000 . a. The remaining book volue is \& (Round to the nesrest dollar.) Data table (Cick on the icon located on the topright comer of the data tabie beiow in order to copy th contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using Macas tor First Four Property Classes retaining tealism. To calculate the actual depreciation for tax purposes, be sure to apply the actual uncounded percentages or drectly apply doublo-docining bulance (200\%) depreciation using the hat-year convertion