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depreciated under MACRS with a 5-year recovery period using the
percentages given in Table 4.2 on page 000. Assume a 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.

P11–9 Tax calculations For each of the following cases, determine
the total taxes resulting from the transaction. Assume a 40% tax rate.
The asset was purchased 2 years ago for $200,000 and is being
depreciated under MACRS using a 5-year recovery period. (See Table
4.2 on page 120 for the applicable depreciation percentages.)
a. The asset is sold for $220,000.
b. The asset is sold for $150,000.
c. The asset is sold for $96,000.
d. The asset is sold for $80,000.

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FIN 486 Week 3 Individual Assignment Long-Term Financial
Needs (2 Papers)

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