How do we go about solving the problem

Reference no: EM13199149

Sam purchased a machine 4 yrs ago at at cost of $8,000. It has a book value of $2300. It can be sold now for $4,300, or it could be sold for 3 more yrs,at the end of which time it would have no salvage value. assuming it is kept for 3 more yrs,what is the amount of economic loss during this ownership?

How do we go about solving this problem?

Reference no: EM13199149

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