Company H is planning to purchase a machine for $100,000 and will incur an additional...
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Company H is planning to purchase a machine for $100,000 and will incur an additional $10,000 in installation expenses. It is replacing a similar machine that can be sold for $30,000. Because of this transaction, the companys current assets will increase by $6,000 and current liabilities will increase by $3,000. Calculate the initial investment in this equipment. $83,000 $100,000 $110,000 $80,000
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