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A Certain Piece of Machinery Was Purchased 4 Years Ago

Question 31

Short Answer

A certain piece of machinery was purchased 4 years ago by Garland Mills for $300,000. Its present resale value is $192,000. Assuming that the machine's resale value decreases exponentially, what will it be 3 years from now? Round your answer to the nearest dollar.
$__________

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