FI515 Financial Management Week 5: 11-3 Allen Air Lines is now in the terminal year of a project

FI515 Financial Management
Week 5 Homework

11-3 Net Salvage Value
Allen Air Lines 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’s after-tax net salvage value?
Powered by