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Six years ago, Global Exporters paid cash for a new versatile rock grinding machine that cost $287,000. Last year the company spent $18,000 on modifications
Six years ago, Global Exporters paid cash for a new versatile rock grinding machine that cost $287,000. Last year the company spent $18,000 on modifications to adapt its use for grinding soil. The estimated value of the machine today is $124,500. The firm is now considering using this machine to grind plastic. If it does so, what value should be assigned to this machine and included in the initial costs of the new project?
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