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Quality Production Inc. has a machine that is wearing out and needs to be replaced. It has a book value of $8,600, with accumulated depreciation

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Quality Production Inc. has a machine that is wearing out and needs to be replaced. It has a book value of $8,600, with accumulated depreciation of $35,500. The machine can be sold for 7.5% of the original purchase value. In order to meet production needs, the machine needs to be replaced with a newer model that costs $50,000, and will be depreciated by $10,000 in the first year. What is the net amount that will be spent on Equipment in the coming period? Select one or more: a. $62,300.00 b. $60,080.25 c. $48,753.40 d. $46,692.50 e. $42,086.00

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