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Bryson Sciences is planning to purchase a high-powered microscopy machine for $ 385,000 and incur an additional $ 31,600 in installation expenses. It is replacing
Bryson Sciences is planning to purchase a high-powered microscopy machine for $ 385,000 and incur an additional $ 31,600 in installation expenses. It is replacing older microscopy equipment that can be sold for $ 116,200, resulting in taxes from a gain on the sale of $ 42,900. Because of this transaction, current assets will increase by $ 20,000 and current liabilities will increase by $ 5,100. Calculate the initial investment in the high-powered microscopy machine.
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