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Year 1 Jan. 1 Paid $314,000 cash plus $12,560 in sales tax and $1,500 in transportation (FOB shipping point) for a new loader. The loader

Year 1 Jan. 1 Paid $314,000 cash plus $12,560 in sales tax and $1,500 in transportation (FOB shipping point) for a new loader. The loader is estimated to have a four-year life and a $31,400 salvage va...

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