What is the equipments after-tax salvage value net salvage, Financial Management

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What is the equipments after-tax salvage value net salvage

Fulton Equipment is now in the final year of a project. The equipment originally cost $550,000 of which 80% has been depreciated. The company can sell the used equipment today for $150,000 and its tax rate is 40%. What is the equipment's after-tax salvage value (net salvage value)?

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Financial Management: What is the equipments after-tax salvage value net salvage

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