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

Accounting

Problem:

Kennedy Air Services is now in the final year of a project. The equipment originally cost $30 million, of which 75% has been depreciated. Kennedy can sell the used equipment today for $7.5 million, and its tax rate is 35%.

Requirement:

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

Note: Please answer in proper manner and show all computations

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168030

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