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CompuTech, Inc., a manufacturer of products using the latest microprocessor technology, has appointed you the manager of its Micro Technology Division. Your division has $800000
CompuTech, Inc., a manufacturer of products using the latest microprocessor technology, has appointed you the manager of its Micro Technology Division. Your division has $800000 in assets and manufactures a special chip assembly. On January 2 of the current year, you invested $1 million in automated equipment for chip assembly. At that time, your expected income statement was as follows:
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