=+ The historic cost of the old machine is $300000. It has a current carrying amount of
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=+◗ The historic cost of the old machine is $300000. It has a current carrying amount of $120000, two remaining years of useful life and a market value of $72000. Annual depreciation expense is $60000. It is expected to have a salvage value of $0 at the end of its useful life.
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Cost Accounting A Managerial Emphasis
ISBN: 9781442563377
2nd Edition
Authors: Monte Wynder, Madhav V. Rajan, Srikant M. Datar, Charles T. Horngren, William Maguire, Rebecca Tan
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