Kennedy Air Freight is now in the final year of a project. The project equipment...
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Kennedy Air Freight is now in the final year of a project. The project equipment originally cost $900,000 and this equipment has now been 85% depreciated. The used equipment can be sold for an estimated $175,000 today. If the tax rate is 22%, what is the equipment's after-tax salvage value (the salvage value minus the tax consequences of the gain or loss)?
$135,000
$136,500
$148,750
$166,200
$212,410
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