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QUESTION
Whole Grain Bakery purchases an industrial bread machine for $25,300. In addition to the purchase price, the company makes the following expenditures:...
Whole Grain Bakery purchases an industrial bread machine for $25,300. In addition to the purchase price, the company makes the following expenditures: freight, $1,570; installation, $3,070; testing, $1,130; and property tax on the machine for the first year, $640.What is the initial cost of the bread machine?
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