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Required: Find out the Net PPE. In May 2017, Donald Corp. owned PP&E machinery with a gross value of $6,000,000. Accumulated depreciation for the same
Required: Find out the Net PPE. In May 2017, Donald Corp. owned PP&E machinery with a gross value of $6,000,000. Accumulated depreciation for the same machinery was $3,100,000. Due to the wear and tear of the machinery, the company decided to reinvest another $2,000,000 in same machinery. For this period, the depreciation expense the machinery is $250,000.
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