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Question 33 An old machine is being replaced by a newer model and will be...

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Question 33 An old machine is being replaced by a newer model and will be sold for more than its book value at the time of the replacement Consider the following list of three items selling price of the new machine I. tax effect of sale of old machine III. Selling price of the old machine. Which of these represent initial cash outflows? Both Il and in Both I and II O blony . Od only O Mony

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