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Business, 26.08.2019 17:10 Tinker2019

Joe is thinking about buying a very good lawn tractor to save the money that he now pays to a lawn service. it will cost $3,000 and joe expects it to last 10 years, with an average depreciation cost of $300 per year. joe's wife, who opposes this purchase, feels that joe will get bored with his tractor in a year. joe counters by telling her that if he does, he will be able to sell it for about $2,700, which is the purchase price minus first-year depreciation. what do you think about joe's argument?

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