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Fesco Jewelers Limited purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $13,000 from a bankrupt competitor. Appraised values

Fesco Jewelers Limited purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $13,000 from a bankrupt competitor. Appraised values were as follows: store fixtures, $8,000; display cases, $11,000; commercial safe, $7,000.

What cost should be recorded for the commercial safe?

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