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21: Chick-fil-a purchased new equipment for their restaurant in Stillwater, OK. The cost of the equipment was $58,370 plus $2,000 in freight charges. Installation costs
21: Chick-fil-a purchased new equipment for their restaurant in Stillwater, OK. The cost of the equipment was $58,370 plus $2,000 in freight charges. Installation costs were $2,367 and sales tax totaled $4,704. The increase in net working capital was $2,716. Expected annual operating costs for the equipment are $6,111. What is this asset's depreciable basis
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
