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At the beginning of 2017, managers at Reisterstown Inc. bought equipment for $3,000,000 that it depreciated straight-line to zero for 7 years. Four years


 

At the beginning of 2017, managers at Reisterstown Inc. bought equipment for $3,000,000 that it depreciated straight-line to zero for 7 years. Four years later, at the end of 2021, they sold it for $2,100,000. Assuming a corporate tax rate of 30%, what is the after-tax salvage value of this equipment?

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