Part $1$

A certain machine that initially costs $$230,000$ may be depreciated straight line to zero over $9$ years.

However, your firm sells the machine after $6$ years for $$79,200.$ If the tax rate is $24\%,$ how much would you

pay in taxes associated with this sale $($or how much would your tax bill be reduced because of this sale, if that

is appropriate$)?$ If relevant, assume that your firm owes tax on sales of other property this year.

If you owe tax, report a positive number $($to the nearest dollar$),$ and report a negative number for an amount

that can be used to offset gains.