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Gray corp. buys a machine from abroad. List price is $20,000; customs duty; $1,000 installation of the machine $4,000 What is the acquisition cost of

Gray corp. buys a machine from abroad. List price is $20,000; customs duty; $1,000 installation of the machine $4,000 What is the acquisition cost of equipment? *

$20,000

$25,000

$21,000

$24,000

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