Troy industries purchased a new machine 3 years ago 80000, Financial Management

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Troy industries purchased a new machine 3 years ago 80000

Troy Industries purchased a new machine 3 years ago $80,000. It is being depreciated under MACRS with a 5- year recovery period using the percentages in Table 4.2 on page 117. Assume 40% tax rate.

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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Financial Management: Troy industries purchased a new machine 3 years ago 80000

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Financial Management: Troy industries purchased a new machine 3 years ago 80000

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