Solve for EACH SALE PRICE $($$$91,200$; $$53,200$; $$12,920$; and $$9,000).$

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 $.$ 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.$

a$.$ The remaining book value is $$,.($Round to the nearest dollar.$)$

b$.$ Calculate the firm's tax liability for each case: $($Round to the nearest dollar.$)$

Data table

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Rounded Depreciation Percentages by Recovery Year Using M First Four Property Classes

$\backslash$table$[[,,$Percentage by re$],[$Recovery year,$3$ years,$5$ years$],[1,33\%,20\%$