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Calculate Amount to Capitalize The Miller Company paid $60,000 to acquire a 100 ton press. Freight charges to deliver the equipment amounted to $9,000 and
Calculate Amount to Capitalize The Miller Company paid $60,000 to acquire a 100 ton press. Freight charges to deliver the equipment amounted to $9,000 and were paid by Miller. Installation costs amounted to $3,270, and machine testing charges amounted to $1,500. Calculate the amount that should be capitalized to the Equipment account. S
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