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25-11-2022
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a machine cost $1,200,000, has annual depreciation of $200,000, and has accumulated depreciation of $950,000 on december 31, 20x1. on april 1, 20x2, when the machine has a fair value of $275,000, it is exchanged for a machine with a fair value of $1,325,000 and the proper amount of cash (

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