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A company purchased a commercial dishwasher by paying cash of $5,500. The dishwasher's fair value on the date of the purchase was $5,870. The company

A company purchased a commercial dishwasher by paying cash of $5,500. The dishwasher's fair value on the date of the purchase was $5,870. The company incurred $490 in transportation costs, $250 installation fees, and paid a $110 fine for illegal parking while the dishwasher was being delivered. For what amount will the company record the dishwasher? Multiple Choice $6,350. $6,240. $6,610. $5,870image text in transcribed

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