You are a broker representing buyers of real property. Prior to the sale, you collect $300 for an inspection of the property. You are legally required to keep this money in a separate account set aside for the transaction. You cannot commingle this money with any personal or business accounts unrelated to the sale. To do so would be a breach of the fiduciary duty of , which you owe to the buyer, your client.

You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.