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What is the equipment net after-tax salvage value for use

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Reference no: EM132752706

Problem 1: Bing Services is now in the final year of a project. The equipment originally cost $20,000, of which 88% has been depreciated. Bing can sell the used equipment today for $7,000, and its tax rate is 25%. What is the equipment's net after-tax salvage value for use in a capital budgeting analysis?

Reference no: EM132752706

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