Question: On January 1 , 2 0 X 1 , Liam buys his silk screen machine for $ 1 0 , 0 0 0 . He

On January 1,20X1, Liam buys his silk screen machine for $10,000. He estimates that he can use this machine for five years or 100,000 presses, and that the machine will only be worth $1,000 at the end of its life. Assume he will make 20,000 clothing items in year one and 30,000 clothing items in year two.

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