Problem
Net Salvage Value Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $6.8 million of which 85% has been depreciated. The used equipment can be sold today for $3.4 million, and its tax rate is 25%. What is the equipment's alter-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.