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(Chapter 9) A firm pays $300,000 for a machine that last 3 years. Its annual net income is $140,000. The firm depreciates the machine by

(Chapter 9) A firm pays $300,000 for a machine that last 3 years. Its annual net income is $140,000. The firm depreciates the machine by $100,000 annually. Working capital increased by $20,000 in year...

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