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QUESTION
An Allen Air line is now in the terminal year of a project. The equipment originally cost $20 million, of which 80% has been depreciated.
An Allen Air line is now in the terminal year of a project. The equipment originally cost $20 million, of which 80% has been depreciated. Carter can sell the used equipment today to another airline for $5 million, and its tax rate is 40%. What is the equipment after tax net salvage value?
