A company purchased new equipment for $$40,000.$ The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $$2,300$; sales tax paid, $$2,400$; and installation cost, $$2,300.$ The total capitalized cost reported for the equipment was:

Muttiple Choice

$$44,700$

$$47,000.$

$$40,000.$

$$42,300.$

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