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Sandhill Company incurs the following costs in purchasing equipment: invoice price, $40,300; shipping, $1,225; installation and testing, $1,100; one-year insurance policy, $2,850. What is the

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Sandhill Company incurs the following costs in purchasing equipment: invoice price, $40,300; shipping, $1,225; installation and testing, $1,100; one-year insurance policy, $2,850. What is the cost of the equipment? Cost of equipment $

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