net salvage valueallen air lines have to, Cost Accounting

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net salvage valueallen air lines have to

Net Salvage Value

Allen Air Lines have to liquidate some equipment that is being replaced. The equipment originally cost $24 million, of which 80% has been depreciated. The used equipment will be sold today for $8.4 million, and its tax rate is 30%. What is the equipment's after-tax net salvage value?

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