Karsted air services is now in the final year of a project


After tax salvage value Karsted Air Services is now in the final year of a project. The equipment originally cost $33 million, of which 75% has been depreciated. Karsted can sell the used equipment today for $8.25 million, and its tax rate is 30%. What is the equipment's after-tax salvage value? Round your answer to the nearest dollar. Write out your answer completely. For example, 13 million should be entered as 13,000,000.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Karsted air services is now in the final year of a project
Reference No:- TGS02346761

Expected delivery within 24 Hours