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Determine the economic life of the machine

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A machine costs $ 10,000 and is expected to be scrapped for $ 1,500 in the moment he retires. Operating expenses for the first year are expected to be $ 3,500 and increasing by $ 400 as a result of the impairment; and operating income Estimated $ 20,000 If the MARR is 15%, determine the economic life of the machine.

Reference no: EM133067004

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