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Winett Corporation is considering an investment in special - purpose equipment to enable the company to obtain a four - year municipal contract. The equipment

Winett Corporation is considering an investment in special-purpose equipment to enable the company to obtain a four-year municipal contract. The equipment costs $212,000 and would have no salvage value when the contract expires at the end of four years. Estimated annual operating results of the project are as follows: \table[[\table[[Revenue from contract sales],[Expenses other than depreciation],[Depreciation (straight-line basis)]],\table[[ $211,000

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