A company owns a 7-year-old milling machine that has a book value of $50000. The present market value of the equipment is $80000. A new milling machine can be purchased for $300000. Using an outsider's point of view (opportunity-cost approach), what is the net first cost of purchasing the new milling machine? EA $
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A company owns a 7-year-old milling machine that has a book value of $50000. The present market value of the equipment is $80000. A new milling machine can be purchased for $300000. Using an outsider's point of view (opportunity-cost approach), what is the net first cost of purchasing the new milling machine?
$
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