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Problem 3.5 years ago, your company purchased a new machine for $62,000. The machine has been depreciated on a straight line basis over a 9
Problem 3.5 years ago, your company purchased a new machine for $62,000. The machine has been depreciated on a straight line basis over a 9 -year life to a salvage value of $8,000. Today your company sold the machine for $45,000. Answer the following
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