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Select the costs that are relevant in the following decision, from the list below: A company is deciding whether to replace an old machine with

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Select the costs that are relevant in the following decision, from the list below: A company is deciding whether to replace an old machine with a new one. The new machine is more efficient allowing the company to increase the number of units produced and sold, within the relevant range. The old machine would be sold. (5 marks) Disposal value of the old machine Fixed selling and administrative expenses Book value of the old machine Direct labour Sales revenue Fixed manufacturing overhead

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