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Harrison Company purchased a new machine for $10,000. Harrison was charges 6% sales tax; shipping costs were $1,000 and the annual maintenance contract will cost
Harrison Company purchased a new machine for $10,000. Harrison was charges 6% sales tax; shipping costs were $1,000 and the annual maintenance contract will cost $700. What is the total cost that should be capitalized?
Group of answer choices
$10,600
$12,600
$11,300
$11,600
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