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Assume that computer equipment is purchased on August 15, 2024, for $13200 cash and a $58500 note payable. Related cash expenditures include insurance during shipping,
Assume that computer equipment is purchased on August 15, 2024, for $13200 cash and a $58500 note payable. Related cash expenditures include insurance during shipping, $640; the annual insurance policy, $1250; and installation and testing, $1890. What is the cost of the equipment? $75480 $72340 $74230 $71700
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