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A Certain Piece of Machinery Was Purchased 5 Years Ago

Question 33

Short Answer

A certain piece of machinery was purchased 5 years ago by Garland Mills for $400,000. Its present resale value is $256,000. Assuming that the machine's resale value decreases exponentially, what will it be 2 years from now? Round your answer to the nearest dollar.

$__________

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