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#11 The current market value of the land Zero because the land and the improvements were previously purchased with cash Six years ago, China Exporters
#11 The current market value of the land Zero because the land and the improvements were previously purchased with cash Six years ago, China Exporters paid cash for a new packaging machine that cost $347,000. Three years ago, the firm spent $14, 300 on repairs and modifications to the machine. The machine is now fully depreciated and has just sat idly in a back corner of the shop for the past seven months. The estimated value of the machine today is $157, 500. The firm is considering using this machine in a new project. If it does so what value should be assigned to this machine and included in the initial costs of the new project? A. $0 B. $361, 300 C. $157, 500 D. $128, 900 D. $171.800
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