Problema plate forming machine was purchased four years ago, Ask an Expert

Economics

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A plate forming machine was purchased four years ago at $100,000. The owner used a 10-year straight-line depreciation with an assumed resale value of $20,000 for this machine. He has an offer to sell this machine for $25,000. What is his opportunity cost?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92741831

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