Question: ?A company purchases a piece of equipment for $ 1 0 0 , 0 0 0 . ?The equipment has a useful life of 5

?A company purchases a piece of equipment for $100,000. ?The equipment has a useful life of 5 ?years. The company uses straight-line depreciation and assumes zero residual or salvage value. At the end of year 4, ?the company sells the equipment for $35,000. ?
Calculate the after-tax residual value of the equipment, assuming a tax rate of 25%

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