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Q2 Troy industries purchased a new machine 3 years ago for 580,000 . It is being deprecialed under MACRS with a 5 -year recovery period
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Troy industries purchased a new machine 3 years ago for 580,000 . It is being deprecialed under MACRS with a 5 -year recovery period ising the percentages given in Table 4.2 on page 117. Assume a 40\% tax rate. Calculale the frmis tax liabily if it sold the machine for 5123,200 NOTE. Please enter the answer as a whole number, 6.94 , if your answer is 2.345.12, enter as 2,345. De not include the "? sign Step by Step Solution
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