After-tax salvage value kennedy air services is now in the, Accounting Basics

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After-tax salvage value kennedy air services is now in the

AFTER-TAX SALVAGE VALUE Kennedy Air Services is now in the final year of a project. The equipment originally cost $20 million, of which 80% has been depreciated. Kennedy can sell the used equipment today for $5 million, and its tax rate is 40%. What is the equipment's after-tax salvage value?

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