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Category > Accounting Posted 25 Apr 2017 My Price 2.00

The Olson Company plans to replace

5. The Olson Company plans to replace an old machine with a new one costing

$85,000. The old machine originally cost $55,000 and has 6 years of its expected 11-year life remaining. It has been depreciated straight line assuming zero salvage value and has a current market value of $24,000. Olson’s effective tax rate is 36%. Calculate the initial outlay associated with selling the old machine and acquiring the new one.

 

 

Answers

(8)
Status NEW Posted 25 Apr 2017 05:04 PM My Price 2.00

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file 1493142433-Answer.docx preview (115 words )
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