(simil stion Help 1 Data Table S with a 5-yea ue and period usi the ate the fi 3 5 7 10 maining Totals 100% r answer Print Done wer ing P11-8 (similar to) Question Help * Book value and taxes on sale of assets Troy Industries purchased a new machine 4 year(s) ago for $78,000. It is being depreciated under MACRS with a 5-year recovery period using the schedule . 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: $93,600, $54,600; $13,260, and $9,300. ning book value is sR Round to the nearest dollar) book value is $( Enter your answer in the answer box and then click Check Answer. parts remaining Clear All Check