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Loadstone Mining Company operates a zinc mine in Nevada. On August 1 4 , 2 0 x 3 , Loadstone purchased mining equipment by paying

Loadstone Mining Company operates a zinc mine in Nevada. On August

14, 20

3,

Loadstone purchased mining equipment by paying cash in the amount of $

20, 000 .

Loadstone also incurred $

1, 800

transportation costs, $

1, 460

installation fees, and $

900

annual insurance on this equipment.

For what amount will the Loadstone record the mining equipment?

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