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Cullumber Company purchased equipment on January 1 at a list price of $170000, with credit terms 2/10, n/30. Payment was made within the discount period.
Cullumber Company purchased equipment on January 1 at a list price of $170000, with credit terms 2/10, n/30. Payment was made within the discount period. Cullumber paid $5250 sales tax on the equipment, and paid installation charges of $1800. Prior to installation, Cullumber paid $5500 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?
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