Troy Industries purchased a new machine 3 ​year(s) ago for $80,000. It is being depreciated under MACRS with a​ 5-year recovery period using the schedule.. Assume 21% ordinary and capital gains tax rates. What is the book value of the​ machine? b. Calculate the​ firm's tax liability for each case if it sold the machine for each of the following​ amounts: $ 100,000, 56,000 , 23,200 and $ 15,000

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