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Finley, Professor
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Bryson sciences is planning to purchase a microscope for $55,000

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Bryson sciences is planning to purchase a microscope for $55,000 and incur and additional $7,500 in installation expenses. It is replacing similar equipment thatcan be sold to net $35,000 resulting in taxes from a gain on sale of $11,250. Because of this transaction, current assets will increase by $6,000 and current libilities will increase by $4,000. Calculate the initial investment in microscope.

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