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6 years ago, Global Exporters paid cash for a new packaging machine that cost $2878,000. 3 years ago, the firm spent $2900 on repairs and
6 years ago, Global Exporters paid cash for a new packaging machine that cost $2878,000. 3 years ago, the firm spent $2900 on repairs and modifications to the machine. The machine is now fully depreciated and has just sat idly in a corner for the past 7 months. The estimated vlue of the maching today is $124500. 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. $2900 c. $124,500 d. $127400 e. $143,500
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