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E10-6 Kelm Company purchased a new machine on October 1, 2010, at a cost of...

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Accounting

E10-6 Kelm Company purchased a new machine on October 1, 2010, at a cost of $120,000.The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

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