Book value and taxes on sale of assets Troy Industries purchased a new machine 3 years ago for 580,000 . It is being depeeciated under MACRS with a S-year rocovery period. Assime a 215 tax rate a. Ure Table 42 to calculate the book value of the machine. b. Calculate the firm's tax liability if it sold the machine for cach of ffe following amounts: $100,000;556,000;523,200; and 515,000 . Answers (insert your answers in the highlighted cells, use cell references, equations, and functions wherever possble) a. Use Table 4.2 to calculate the book value of the machine. b. Calculate ibe firm's tak liability if it wild the mexhine for cach of the following amounts 5100,000,556,000,523,200, aed 515,000