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What amount will the company record as annual accretion

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Question - A company bought a machine for $4,700,000 on January 1, 2018. The life of the machine is 12 years and the expected cost to dispose of the machine at the end of 12 years is $650,000. An interest rate of 4% would be appropriate for this company for any necessary present value calculations. What amount will the company record as annual accretion expense for the year ended December 31, 2020?

Reference no: EM132771581

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