Determine the total taxes payable, with a 20% tax rate, for each of the following situations. The asset was purchased 5 years ago for $460,200 and is being depreciated under MACRS using a 7-year recovery period. (See Table 4.2 on page 166 for the applicable depreciation percentages. Round answers to the nearest whole dollar.)

Table 4.2:

a. The asset is sold for $725,000.
b. The asset is sold for $650,000.
c. The asset is sold for $101,244.
d. The asset is sold for $92,244.

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TABLE 4.2 Recovery year 1 2 3 4 56700 8 9 10 11 Totals Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes 3 years 33% 45 15 7 100% Percentage by recovery year" 5 years 7 years 20% 14% 25 18 12 32 19 225 12 12 100% 9 9 9 100% 10 years 10% 18. 14 12 9 8 7 6 6 6 100%