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2 . Prepare the journal entries related to the acquisition of Machine A . ( If no entry is required for a transaction / event

2. Prepare the journal entries related to the acquisition of Machine A.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record the capitalizable costs related to Machine A. Cost of the asset $9,400
Installation costs 840
Renovation costs prior to use 720
Repairs after production began 590

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