Book value and taxes on sale of assets Troy Industries purchased a new machine 4 year(s) ago for $84,000. it is being depreciated under MACFi with a 5 -year recovery period using the schedule Assume 40% ordinary and capital gains tax mates a. What is the book value of the machine? b. Calculate ihe fimis tax labiliy af it sold the machine for each of the following amounts $100,800;$56,800,$14,260; and $10,000. a. The remaining book value in 1 (Round to the nearest doflar) Data table (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 "These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200\%) depreciation ufing the half-year convention