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A company purchased a commercial dishwasher by paying cash of $5,900. The dishwasher's fair value on the date of the purchase was $6,270. The company

A company purchased a commercial dishwasher by paying cash of $5,900. The dishwasher's fair value on the date of the purchase was $6,270. The company incurred $330 in transportation costs, $330 installation fees, and paid a $200 fine for illegal parking while the dishwasher was being delivered. For what amount will the company record the dishwasher?

Multiple Choice

  • $6,270.

  • $6,760.

  • $6,560.

  • $6,930.

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