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Calculate Amount to Capitalize The Miller Company paid $ 5 5 , 0 0 0 to acquire a 1 0 0 ton press. Freight charges

Calculate Amount to Capitalize
The Miller Company paid $55,000 to acquire a 100 ton press. Freight charges to deliver the equipment amounted to $8,250 and were paid by Miller. Installation costs amounted to $3,135, and machine testing charges amounted to $1,375.
Calculate the amount that should be capitalized to the Equipment account. $Answer

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