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Book value and taxes on sale of assets Troy Industries purchased a new machine 4 year ( s ) ago for $ 7 6 ,

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 BE:. Assume 21% 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: $91,200; $53,200; $12,920; and $9,000.
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