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Concord company purchased some machinery two years ago. These machines are being sold for $160,000 now. The book value is $157,000 right now. What is

Concord company purchased some machinery two years ago. These machines are being sold for $160,000 now. The book value is $157,000 right now. What is the after-tax salvage value from this sale if the tax rate is 35%?

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