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Miller Corp. purchased a new machine for its factory. The following lists shows the various expenditures for the machine during its first year: Base
Miller Corp. purchased a new machine for its factory. The following lists shows the various expenditures for the machine during its first year: Base purchase price, $75,000 Sales tax incurred at the time of purchase, $4,000 Installation charges for the machine, $700 Insurance costs incurred while the machine was being shipped, $200 Insurance costs for the first year of the machine's service life, $500 Ordinary repairs and maintenance costs during the first year of the machine's service life, $1,200 Question: What should be the capitalized cost of the machine? Answer: $ (do not use commas or a decimal in the answer)
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