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What is the equipment after-tax salvage value

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Reference no: EM133059184

Question - Karsted Air Services is now in the final year of a project. The equipment originally cost $33 million, of which 100% has been depreciated. Karsted can sell the used equipment today for $8 million, and its tax rate is 20%. What is the equipment's after-tax salvage value? Write out your answer completely.

Reference no: EM133059184

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