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A Moving to another question will save this response. Question 26 Bankoff purchased a belting machine for their factory. The following costs were incurred: $61,000

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A Moving to another question will save this response. Question 26 Bankoff purchased a belting machine for their factory. The following costs were incurred: $61,000 Purchase price $2,000 Sales tax Shipping $250 Shipping insurance between seller and factory $400 Extended warranty for any issues over the first year $500 For what amount should Bankoff record on the balance sheet for the machine? $63,500 $61,000 $64,150 $63,750 D. Moving to another question will save this response

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