QUESTION 3 Edward's Manufactured Homes purchased some machinery 3 years ago for $319,000. These 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 $140,000 to a foreign firm. What is the aftertax salvage value from this sale if the tax rate is 35 percent? MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% O $123,155 $140,000 $48,128 O $144,592 O $16,845