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3. Miller Company has old inventory on hand that cost $10. Its scrap value (the value for which it could be sold right now
3. Miller Company has old inventory on hand that cost $10. Its scrap value (the value for which it could be sold right now as is) is $15. However, the inventory could be sold for $40 if manufactured further at an additional cost of $5. What should Miller do? 4. Miller Company deposits money in a fund at the end of each year for ten years. The fund pays interest compounded annually. How is the balance in the fund at the end of 10 years calculated? (AG)
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