Question: Python Pens is now in the final year of a project. The equipment originally cost $ 4 0 million, of which 1 0 0 %

Python Pens is now in the final year of a project. The equipment originally cost $40 million, of which 100% has been depreciated. Python can sell the used equipment today for $10 million, and its tax rate is 25%. Calculate the equipments after-tax salvage value.
Enter your answer in whole numbers., e.g enter $1,000 as 1,000.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!