What is the equipments after-tax salvage value


Kennedy Air Services is now in the final year of a project. The equipment originally cost $22 million, of which 70% has been depreciated. Kennedy can sell the used equipment today for $5.5 million, and its tax rate is 35%. What is the equipment's after-tax salvage value? Round your answer to the nearest cent.

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Accounting Basics: What is the equipments after-tax salvage value
Reference No:- TGS0704404

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