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3. Your company is deciding whether to retain or replace a piece of equipment. The following information is available: Current Equipment Replacement Equipment 24,000 30.000

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3. Your company is deciding whether to retain or replace a piece of equipment. The following information is available: Current Equipment Replacement Equipment 24,000 30.000 3000 2000 Original purchase price Annual Variable Manufacturing costs Estimated Useful Life Salvage value 4 years 4000 4 years O Should the company retain or replace the equipment

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