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Six years ago, Alex Industries paid cash for a new milling machine that cost $69,000. Three years ago, the firm spent $6,200 on repairs and
Six years ago, Alex Industries paid cash for a new milling machine that cost $69,000. Three years ago, the firm spent $6,200 on repairs and modifications to the machine. The machine is now fully depreciated and has just sat idly in a back corner of the shop for the past 18 months. The estimated value of the machine today is $18,600. The firm is considering using this machine in a new project. If it does so, what value should be assigned to this machine and included in the initial costs of the project
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