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Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $93,840. The company estimated that the machine has a salvage value

Hinshaw Company purchased a new machine on October 1, 2014, at a cost of $93,840. The company estimated that the machine has a salvage value of $7,370. The machine is expected to be used for 63,220 working hours during its 8-year life.

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