Score: 0.05 of 1 pt 3 of 8 (6 complete) HW Score: 47.25% 3.78 of 8 pts Question Help P11-8 (similar to) Assume 40% ordinary Book value and taxes on sale of assets Troy Industries purchased a new machine 2 year(s) ago for 584,000. It is being deprecated under MACRS with a 5-year recovery period using the schedule and capital gains taxes a. What is the book value of the machine? b. Calculate the firm's taxability if it sold the machine for each of the flowing amount 5100 800 S583000 120 and $28 200 a. The remaining book value is $40320 Round to the nearest la Data Table b. Calculate them's tax tably for each case Round to the nearest dollar Sale Capital Tax on Price Gain Capital Gain S00SS Depreciation Recovery Taxon Recovery Rounded Depreciation Percentages by Recovery Year Using MACRS First Four Property Classes Percentage by recovery year 3