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Question 1: Joe & Co. purchased a used tractor for hauling materials in the business. The tractor had a purchase price of $25,000. Before starting to use the tractor, Joe & Co. paid $3,300 to overhaul the engine, $1,100 for shipping of the tractor, and $4,200 for the next year's insurance. What was the recorded cost of purchasing the tractor?
Option 1: $28,300
Option 2: $33,600
Option 3: $25,000
Option 4: $29,400
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In addition to the data already provided, assume that due to the unique warming racks, the truck will have a $13,000 salvage value at the end of six years. Under these conditions, compute internal rate of return.
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you have just hired as a new management trainee by earrings unlimited a distributor of earrings to different retail
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