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A company purchased equipment for 2 8 , 0 0 0 in addition to the purchase price the company made the following expenditures related to

A company purchased equipment for

28, 000

in addition to the purchase price the company made the following expenditures related to the equipment before it was ready to be used in production shipping $

1000

assembly $

1000

installation

1500

testing

2000

annual insurance

1200

how much does the company record as the cost of the equipment?

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