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A company purchases equipment for $30 million. The company plans to use the equipment for 4 years, then sell the equipment on the secondary market.
A company purchases equipment for $30 million. The company plans to use the equipment for 4 years, then sell the equipment on the secondary market. Assume that in 4 years, the company - Can sell the equipment for $16.7 million - Has a corporate tax rate of 32% - Will have depreciated 68% of the equipments value What is the equipment's afer-tax salvage value (in 4 years)? Enter your answer as a number no decimal placos and with no dollar signs or commas: Enter your answer as a full value (not in millons)
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