The Rumpel Felt Company purchased a felt press last year at a cost of $15,000 The division manager reports that for $13,000 (including installation), a new felt press can be bought Both machines are in Class 43 with a 30 depreciation rate The old machine's current market value is $12,000 The new p...

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The Rumpel Felt Company purchased a felt press last year at a cost of $15,000. The...

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