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A company must relocate one of its factories in five years. Equipment for the loading dock is being considered for purchase. The original cost of
A company must relocate one of its factories in five years. Equipment for the loading dock is being considered for purchase. The original cost of the equipment is $30,000; the salvage value of the equipment after five years is $6,000. Annual net earnings are $1,000. The company's rate of return on the money is 20%. Determine the capital recovery cost of the factory
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