3) troy industries purchased a new machine 3 years ago for $80,000. it is being depreciated under macrs with a 5 year recovery period using the percentages given in table 3.2 on page 108. assume a 40

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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: $100,000; $56,000; $23,200; and $15,000.
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