MC Qu. 68 Edward's Manufactured Homes purchased some machinery 2 years... Edward's Manufactured Homes purchased some machinery 2 years ago for $48,000. The assets are classified as 5-year property for MACRS. The company is replacing this machinery today with newer machines that utilize the latest in technology. The old machines are being sold for $17,000 to a foreign firm for use in its production facility in South America. What is the aftertax salvage value from this sale if the tax rate is 34 percent? MACRS 5-year property Year Rate 20.00% 32.00% 19.20% 1.52% 11.52% 5.76% O $19.05360 O $23,040.00 O $18,0500s O$15,92016 O $17000.00