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Tory Enterprises pays $ 2 3 8 , 4 0 0 for equipment that will last five years and have a $ 4 3 ,

Tory Enterprises pays $238,400 for equipment that will last five years and have a $43,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation.
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