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Pharoah Company incurs the following costs in purchasing equipment: invoice price, $40,100; shipping, $1,025; installation and testing. $1,700: one-year insurance policy. $2.650. What is the

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Pharoah Company incurs the following costs in purchasing equipment: invoice price, $40,100; shipping, $1,025; installation and testing. $1,700: one-year insurance policy. $2.650. What is the cost of the equipment? Cost of equipment $

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