Allen air lines must liquidate some equipment that is being replaced. the equipment originally cost $25 million, of which 70% has been depreciated. the used equipment can be sold today for $8.75 million, and its tax rate is 35%. what is the equipment's after-tax net salvage value? write out your answer completely. for example, 2 million should be entered as 2,000,000.

Question

Malaki Keith

Business

5 June, 06:41

Allen air lines must liquidate some equipment that is being replaced. the equipment originally cost $25 million, of which 70% has been depreciated. the used equipment can be sold today for $8.75 million, and its tax rate is 35%. what is the equipment's after-tax net salvage value? write out your answer completely. for example, 2 million should be entered as 2,000,000.

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Mcgrath · Answer 1

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