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K.T. Labs bought a Gene gun for $25.000. The accounting department has estimated that the machine would have an annualized capital cost of $3, 880

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K.T. Labs bought a Gene gun for $25.000. The accounting department has estimated that the machine would have an annualized capital cost of $3, 880 over its 10-year service life. What salvage value was assumed in calculating the capital cost? The firm's interest rate is known to be 10%

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