Studley Co. Purchased a Machine 3 years ago for $ 15,000. It can be sold now for $ 9,000. The current replacement cost of an equivalent machine is $ 14,000. If studley Co keeps the machine for use in the business it is expected to generate net income $ 17,000.
What is the replacement cost of the Machine?
Please make it clear as I'm confused regarding relevant costing of Non-Current Asset
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