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Quillen Company is performing a post-audit of a project completed one year ago. The initial...

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Accounting

Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were that the project would cost $237,916, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $45,500 per year. Now that the investment has been in operation for 1 year, revised figures indicate that it actually cost

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