E9.7 (LO 2), AP Gotham Company purchased a new machine on October 1, 2025, at...
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E9.7 (LO 2), AP Gotham Company purchased a new machine on October 1, 2025, at a cost of $90,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 70,000 working hours during its 10-year life.
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