Book value and taxes on sale of assets Troy Industries purchased a new machine 4 year(s) ago for S76, 333. It is being depreciated under MACRS with a 5-year recovery period using the schedule. Assume 43% ordinary and capital gains tax rates. What is the book value of the machine? Calculate the firm's tax liability if it sold the machine for each of the following amounts: S91, 233: $53, 233: $12, 920; and S9,000. (Click on the icon located on the top-right comer of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes