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. A company purchased a used machine for $10,000. The machine required installation costs of $1,000 and insurance while in transit of $500. At which
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A company purchased a used machine for $10,000. The machine required installation costs of $1,000 and insurance while in transit of $500. At which of the following amounts would the machine be recorded?
$10,500
$11,000
$10,000
$11,500
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