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Business, 26.11.2019 01:31 jasmine12314

At the beginning of the year, young company bought three used machines from vince, inc. the machines immediately were overhauled, were installed, and started operating. because the machines were different, each was recorded separately in the accounts.

machine a machine b machine c
amount paid for asset $ 7,600 $ 25,600 $ 9,300
installation costs 200 600 500
renovation costs prior to use 1,500 1,200 1,000
repairs after production began 400 350 325
by the end of the first year, each machine had been operating 7,000 hours.

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