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Soldrum Company is considering automating its production facility. The initial investment in automation would be $12.54 million, and the equipment has a useful life of 11 years with a residual value of $1.10 million. The company will use straight-line depreciation. Soldrum could expect a production increase of 39,000 units per year and a reduction of 20 percent in the labor cost per unit.

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Accounting Basics, Accounting

Category:- Accounting Basics
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