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Calculate total relevant cost of acquiring the new machine

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Reference no: EM132514897

Point 1: Johnson and Johnson Company is considering a new drilling machine for its production plant to replace an old drilling machine that originally cost $10,000 and has $7,000 of accumulated depreciation.

Point 2: The new machine can be purchased at a cash cost of $16,000, but the distributor of the new drilling machine has offered to take the old machine in as a trade-in, thereby reducing the cost of the new machine to $14,000.

Question 1: Based only on this information, calculate the total relevant cost of acquiring the new machine.

Reference no: EM132514897

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