Book value and taxes on sale of assets Troy Industries purchased a new machine 4 year(s) ago for $76,000. It is being depreciated under MACRS with a 5 -year recovery period using the schedule Assume 40% ordinary and capital gains tax rales: 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: $91,200;$53,200;$12,920; and $9,000. a. The remaining book value is ? (Round to the nearest dollar.) Data table