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Rochester Flour Mills purchased new equipment and made the following expenditures: Purchase price $ 70,000 Sales tax 5,750 Shipment of equipment 950 Insurance on the

Rochester Flour Mills purchased new equipment and made the following expenditures: Purchase price $ 70,000 Sales tax 5,750 Shipment of equipment 950 Insurance on the equipment for the first year 650 Installation of equipment 1,900

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