Question: Bryson Sciences is planning to purchase a high-powered microscopy machine for $385,000 and incur an additional $31,300 in installation expenses. It is replacing older microscopy

Bryson Sciences is planning to purchase a high-powered microscopy machine for $385,000 and incur an additional $31,300 in installation expenses. It is replacing older microscopy equipment that can be sold for $116,500, resulting in taxes from a gain on the sale of $42,600. Because of this transaction, current assets will increase by $11,000, and current liabilities will increase by $5,200. Calculate the initial investment in the high-powered microscopy machine.

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