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JC, Inc. acquired a piece of machinery on January 3, 2016. The following are the details on the machine: Cost: $68,400 Life: 100,000 units Salvage

JC, Inc. acquired a piece of machinery on January 3, 2016.

The following are the details on the machine: Cost: $68,400 Life: 100,000 units Salvage (Residual) Value: $11,600.

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