Assignmentkennedy air services is now in the final year of, Ask an Expert

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Assignment:

Kennedy Air Services is now in the final year of a project. The equipment originally cost $15 million, of which 70% has been depreciated. Kennedy can sell the used equipment today for $3.75 million, and its tax rate is 35%.

Required:

Question: What is the equipment's after-tax salvage value?

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148286

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