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Silver company purchased a machine for use in the business. the purchase price was $55,000 and the related sales tax totaled $500. sliver paid $1,000 to have the machine delivered to its factory and $2,000 to have it assembled. over the five-year life of the machine, maintenance cost of $800 will be incurred annually. what is the capitalized cost of this asset?
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Silver company purchased a machine for use in the business. the purchase price was $55,000 and the r...
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