(please make sure to do evrey part its asking for in the directions.)

Book value and taxes on sale of assets Troy Industries purchased a new machine 5 year(s) ago for $84,000. It is being depreciated under MACRS with a 5-year recovery period

using the schedule pictured below.

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: $100,800; $58,800; $4,200; and $2,900

Ushes the schicous a. What h the bookvalie of the mactine? a. The remainang took valie is 5 (Click on the icon here C 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 Pinnertu Clasens