Refer to the following table:The net incomeor loss for the year wasa) 7,700b) 12,800c) 5,900d) 15,100Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Michael's Landscaping at December
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Assume a machine that has a useful life of only one year costs $2,000. Assume, also, that net of such operating costs as power, taxes, and so forth, the additional revenue from the output of this machine is expected to be $2,300.
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