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A used machine with a purchase price of $42,187, requiring an overhaul costing $9,990, installation costs of $6,271, and special acquisition fees of $12,007, would

A used machine with a purchase price of $42,187, requiring an overhaul costing $9,990, installation costs of $6,271, and special acquisition fees of $12,007, would have a cost basis of

a.$42,187

b.$70,455

c.$52,177

d.$98,723

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