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Required information [ The following information applies to the questions displayed below. ] At the beginning of the year, Buffalo Machinery bought a used machine.

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[The following information applies to the questions displayed below.]
At the beginning of the year, Buffalo Machinery bought a used machine. The machine was immediately overhauled, installed, and started operating. All costs were paid with cash. Details for Machine A are provided below.
\table[[Cost of the asset,$10,100
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