What is the equivalent annual cost of this machine, Accounting Basics

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What is the equivalent annual cost of this machine

Tool Makers, Inc. uses tool and die machines to produce equipment for otherfirms. The initial cost of one customized tool and die machine is $850,000.This machine costs $10,000 a year to operate. Each machine has a life of 3 years before it is replaced. What is the equivalent annual cost of this machine if the required return is 9 percent? (Round your answer to whole dollars)

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Accounting Basics: What is the equivalent annual cost of this machine

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Accounting Basics: What is the equivalent annual cost of this machine

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Recent Questions Asked Accounting Basics

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Accounting Basics: What is the equivalent annual cost of this machine

Reference No:- TGS059787

Recent Questions Asked Accounting Basics

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