Question: Bryson Sciences is planning to purchase ahigh-powered microscopy machine for $385,000 and incur an additional $31,100 in installation expenses. It is replacing older microscopy equipment
Bryson Sciences is planning to purchase ahigh-powered microscopy machine for $385,000 and incur an additional $31,100 in installation expenses. It is replacing older microscopy equipment that can be sold for $116,100, resulting in taxes from a gain on the sale of $42,500. Because of thistransaction, current assets will increase by $13,000 and current liabilities will increase by $5,300. Calculate the initial investment in thehigh-powered microscopy machine.
The initial investment is $_____?
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