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A used machine with a purchase price of $38,437, requiring an overhaul costing $9,111, installation costs of $5,430, and special acquisition fees of $34,614, would
A used machine with a purchase price of $38,437, requiring an overhaul costing $9,111, installation costs of $5,430, and special acquisition fees of $34,614, would have a cost basis of a. $47,548 b. $136,747 C. $38,437 d. $87,592
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