What is the after tax salvage value of the old van

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Reference no: EM131519598

Theodore’s Adventures bought a special van two years ago for $65,000. At the time, the accountants told Theodore to depreciate the table using straight-line depreciation over four years. Now there is a new and improved travel van out that Theodore would like to buy, but he can get only $20,000 for the old Van. Theodore’s is in the 35% tax bracket.

What is the after tax salvage value of the old van?

Reference no: EM131519598

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