Net salvage valueallen air lines must liquidate some, Ask an Expert

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Net Salvage Value

Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $24 million, of which 75% has been depreciated. The used equipment can be sold today for $8.4 million, and its tax rate is 40%. 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92315230

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