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Orkney Company has 2-year-old machinery with a book value of $300,000, based on straight-line depreciation. The machinery has a 5 year economic life and $30,000

Orkney Company has 2-year-old machinery with a book value of $300,000, based on

straight-line depreciation. The machinery has a 5 year economic life and $30,000 salvage

value. What was the original cost?

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