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Boccardi Inn, has invested in new pasta manufacturing equipment at a cost of $48,000. The equipment has an estimated useful Life of eight years. Estimated

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Boccardi Inn, has invested in new pasta manufacturing equipment at a cost of $48,000. The equipment has an estimated useful Life of eight years. Estimated annual sales and operating expenses related to the pasta equipment follow: Annual sales $33,000 Labor costs (T2000) Depreciation of equipment 16,000) Operating income $10,000 Income taxes 14,000: Net inoome $ 6,000

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