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Munz Company purchased equipment and incurred the following costs: Purchase price $68,500, Shipping costs $325 Installation costs $400, Sales taxes $3,425. What is the cost

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Munz Company purchased equipment and incurred the following costs: Purchase price $68,500, Shipping costs $325 Installation costs $400, Sales taxes $3,425. What is the cost recorded for the equipment account? A. $71,925 B. $72,250 C. $68,500 O D. $72,650

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