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Problem 2. 4 years ago, your company purchased a new machine for $99,000. The machine has been depreciated on a straight-line basis over an 8

Problem 2. 4 years ago, your company purchased a new machine for $99,000. The machine has been depreciated on a straight-line basis over an 8 year life. Today your company sold the machine for $64,000. Answer the following

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