Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $18.2 million, of wh

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answerhappygod
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Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $18.2 million, of wh

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Allen Air Lines must liquidate some equipment that is beingreplaced. The equipment originally cost $18.2 million, of which 75%has been depreciated. The used equipment can be sold today for $5.2million, and its tax rate is 35%. What is the equipment's after-taxnet salvage value? Enter your answer in dollars. For example, ananswer of $1.2 million should be entered as 1,200,000. Round youranswer to the nearest dollar.
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