What is the after-tax salvage value of plan

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Reference no: EM13753132

Southwest currently has two surplus Boing 737-300 jets which are not used for anything and are parked on a runway in Arizona. The jets were bought for $45 million each 11 years ago, Jets of the same model, age, and condition currently trade for $5 million in the used jet market. Both jets would require a refurbishment costing $1 million. The jets and the refurbishment fall in to the 7-year MACRS category. What is the after-tax salvage value of plan if tax rate is 35% ?

Reference no: EM13753132

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