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Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $23 milllion, of which 70% has been depreciated. The used
Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $23 milllion, of which 70% has been depreciated. The used equipment can be aold today for $8.05 million and its tax rate is 35%. What id the equipments after tax net salvage?
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