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Flint Company purchased a new machine on October 1, 2022, at a cost of $110,800. The company estimated that the machine will have a

Flint Company purchased a new machine on October 1, 2022, at a cost of $110,800. The company estimated that the machine will have a salvage value of $10,800. The machine is expected to be used for 10,000 working hours during its 4-year life.

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