Troy Industries purchased a new machine 3 year(s) ago for $ 80,000. It is being depreciated under MACRS with a 5-year recovery period using the schedule

Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* Recovery year 3 years 5 years 7 years 10 years 1 33% 20% 14% 10% 2 45% 32% 25% 18% 3 15% 19% 18% 14% 4 7% 12% 12% 12% 5 12% 9% 9% 6 5% 9% 8% 7 9% 7% 8 4% 6% 9 6% 10 6% 11 4% Totals 100% 100% 100% 100%

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Assume 40 % 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:

$ 96,000; $ 56,000; $ 23,200; and $ 16 ,200

I have figured out the numbers for $96,000

Sale Price Capital Gain Taxes on Capital Gain Depreciation Recovery Tax on Recovery Total Tax

$96,000 $16,000 $6,400 $56,800 $22,720 $29,120

Help with the other three values please**

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