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Nargo Inc. Wants to replace a 7 year old machine with

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Nargo Inc. Wants to replace a 7 year old machine with a new machine that is more efficient. The old machine cost $50,000 when new and has a current book value of $10,000. Margo can sell the machine to a foreign buyer for $12,000. Margo?s tax rate is 30%. The effect of the sale of the old machine on the initial outlay for the new machine is ________ (Points: 1);[$12,600];[$11,400];[$8,400];$0

 

Paper#33398 | Written in 18-Jul-2015

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