Net salvage valueallen air lines have to liquidate some

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Net Salvage Value

Allen Air Lines have to liquidate some equipment that is being replaced. The equipment originally cost $24 million, of which 80% has been depreciated. The used equipment will be sold today for $8.4 million, and its tax rate is 30%. What is the equipment's after-tax net salvage value?

Reference no: EM13347739

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