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In October 2005 Ewing Company exchanged an old packaging machine, which cost $120,000 and was 50% depreciated, for a dissimilar used machine and paid a cash difference of $16,000. The market value of the old packaging machine was determined to be $70,000.

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14 Following is the summary of the company's operations for the first two years: First Year Second Year Tons mined 100,000 tons 130,000 tons Tons sold 80,000 tons 120,000 tons Unit selling price per ton P 44.00 P 45.00 Direct labor P 800,000 P 840,000 Miscellaneous mining overhead P 160,000 P 240,000 Operating expenses P 720,000 P 760,000 ...

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This single manufacturing plant consumes 2,000 tons of surrounding rainforest wood every day to produce 55 megawatts of electricity to run the plant. The plant, which has been in operation since 1978, produces more than 750 tons of pulp for paper every 24 hours, worth approximately $500,000, and has built 2,800 miles of roads through the Amazon ...

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