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because of inflation a company must replace one of its fully depreciated machines at twice the nominal price paid for a similar machine 8 years ago Based on present accounting rules will the

because of inflation, a company must replace one of its (fully depreciated) machines at twice the nominal price paid for a similar machine 8 years ago. Based on present accounting rules, will the company have covered the entire cost of the new machine through depreciation charges? Explain by contrasting accounting and economic costs.
 

Apr 29 2020 View more View Less

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