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Find company use straight-line depreciate with zero salvage

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Reference no: EM132529641

Sheffield Corp. is contemplating the replacement of an old machine with a new one. The following information has been gathered:

                                                             Old Machine                         New Machine

Price                                                  $440000                       $880000

Accumulated Depreciation                        132000                           -0-

Remaining useful life                                 10 years                        -0-

Useful life                                                  -0-                        10 years

Annual operating costs                              $352000                     $264000

Question 1: If the old machine is replaced, it can be sold for $35200. The company uses straight-line depreciation with a zero salvage value for all of its assets

a. $88000

b. $132000

c. $440000

d. $35200

Reference no: EM132529641

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