through 7-6: Cox Inc. acquired a machine for $800,000 on January 1, 2009. The machine has a
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through 7-6:
Cox Inc. acquired a machine for $800,000 on January 1, 2009. The machine has a salvage value of $10,000 and a five-year useful life. Cox expects the machine to run for 15,000 machine hours. The machine was actually used for 4,500 hours in 2009 and 3,000 hours in 2010.
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