Book value and taxes on sale of assets Troy Industries purchased a new machine 5 year( ()) ago for $82,000. It is being depreciated under MACR schedule Assume 40% ordinary and capital gains tax rates. 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: $98,400;$57,400;$4,100; and $2,900. a. The remaining book value is $ (Round to the nearest dollar.) 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 retaining realism. To cave veui luunded to me nearest whole percent to simplify calculations while unrounded percentages or directly actual depreciation for tax purposes, be sure to apply the actual convention. Book value and taxes on sale of assets Troy Industries purchased a new machine 5 year( ()) ago for $82,000. It is being depreciated under MACR schedule Assume 40% ordinary and capital gains tax rates. 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: $98,400;$57,400;$4,100; and $2,900. a. The remaining book value is $ (Round to the nearest dollar.) 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 retaining realism. To cave veui luunded to me nearest whole percent to simplify calculations while unrounded percentages or directly actual depreciation for tax purposes, be sure to apply the actual convention