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Bing Services is now in the final year of a project. The equipment originally cost $20,000, of which 88% has been depreciated. Bing can sell
Bing Services is now in the final year of a project. The equipment originally cost $20,000, of which 88% has been depreciated. Bing can sell the used equipment today for $6,000, and its tax rate is 25%. What is the equipments net after-tax salvage value for use in a capital budgeting analysis? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.
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