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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
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 : 5 years 20% 32% 19% 12% 12% 5% 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: $ 91,200?; $ 53,200?; $ 12,920?; and $ 9,000.
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