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Matt Co. purchased a commercial dishwasher by paying cash of $12,000. The company incurred $1,000 transportation costs, $820 installation fees, and $500 annual insurance on

Matt Co. purchased a commercial dishwasher by paying cash of $12,000. The company incurred $1,000 transportation costs, $820 installation fees, and $500 annual insurance on the equipment. For what amount will Matt record the dishwasher?

Multiple Choice

$13,820.
$14,320.
$13,000.
$12,000.

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