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Scotia ltd is investing a new machine. The old machine will be sold. The old machine was purchased 5 years ago at a cost of
Scotia ltd is investing a new machine. The old machine will be sold. The old machine was purchased 5 years ago at a cost of 20000 and was being depreciated over 8 years on a straight line basis. The dale of the old machine is 10000. The tax rate is 40%. What is the equipment's salvage profit or loss? A) -10000 b)10000 c)2500 d)12500
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