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On January 1, 2024, Foley Airlines purchased a used airplane for $37,500,000. Foley Airlines expects the plane to remain useful for five years (4,000,000 miles)

On January 1, 2024, Foley Airlines purchased a used airplane for $37,500,000. Foley Airlines expects the plane to remain useful for five years (4,000,000 miles) and to ha $5,500,000. The company expec...

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