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Question 4.1(10pts) Suppose your company needs to buy a new machine. The value of the machine is $45,000. Additional expenses include $2,000 labor cost
Question 4.1(10pts) Suppose your company needs to buy a new machine. The value of the machine is $45,000. Additional expenses include $2,000 labor cost to set up machine and $2,500 for transportation. For the computation of depreciation for tax purposes, find the cost basis of the new machine. A) $47,500 B) $49,500 C) $47,000 D) Answers A, B and C are not correct
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