Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $7.5 million, of which 65% has been depreciated. The used equipment can be sold today for $3 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000

$2.9 million

Explanation:

Book value as on date of sale = Cost - Accumulated Depreciation = $7.5 million*(1 - 0.65) = $7.5 million*0.35 = $2,625,000

Gain on sale = $3,000,000 - $2,625,000 = $375,000

After-tax salvage value = Sale proceeds - Tax rate*Gain on sale) = $3,000,000 - ($375,000*0.25) = $3,000,000 - $93,750 = $2,906,250 = $2.9 million

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answer; the nav calculated at the market close at 4: 00 pm new york time;