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 MACRS with a 5 Assume 21% ordinary and captal gains tax rates. a. What is the book valuo of the machine? b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $100,800;$58,800,$14,280, and $10,000. a. The remaining book value is s (Round to the nearest dollar.) machine 4 year(s) ago for $84,000. It is being depreciated under MACRS with a 5-mar recovery period using the schenfule ng amounts: $100,800,$58,800,$14,280, and $10,000 (Click on the icon here D in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes These percentages nave 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 unroundod porcentages or directly apply doubte-dectining batance (200%) depreciation using the haif year convention 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 MACRS with a 5 Assume 21% ordinary and captal gains tax rates. a. What is the book valuo of the machine? b. Calculate the firm's tax liability if it sold the machine for each of the following amounts: $100,800;$58,800,$14,280, and $10,000. a. The remaining book value is s (Round to the nearest dollar.) machine 4 year(s) ago for $84,000. It is being depreciated under MACRS with a 5-mar recovery period using the schenfule ng amounts: $100,800,$58,800,$14,280, and $10,000 (Click on the icon here D in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes These percentages nave 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 unroundod porcentages or directly apply doubte-dectining batance (200%) depreciation using the haif year convention