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Edwards manufactured homes purchased some machinery 2 years ago for $43,000. The assets are classified as 5 year property for MACRS. The company is replacing

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Edwards manufactured homes purchased some machinery 2 years ago for $43,000. The assets are classified as 5 year property for MACRS. The company is replacing this machinery today with newer machinery toady with newer machines that utilize the latest in technology. The old machines are being sold for $17,000 to a foreign girl for use in its production faculty in South America. What is the aftertax salvage value from this sale of the tax rate is 34 percent? MACRS 5 -year property YearRate 2. 3. 4 5. 6 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% A) $17,000.00 B) $18,237.60 C) $17,277.03 D) $15,430.56 E) $20,640.00

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