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What is the net equipment cost, given the following, when a new piece of equipment replaces an old one: Old equipment sells for $125,000 Book

What is the net equipment cost, given the following, when a new piece of equipment replaces an old one: Old equipment sells for $125,000 Book value of old equipment 22,000 Tax Rate 40% New equipment cost 800,000 Site survey 18,000 Installation cost 20,000

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