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Santa Rosa recently purchased a new boat to help ship product overseas. The following information is related to that purchase: Purchase price $4,200,000 Cost to

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Santa Rosa recently purchased a new boat to help ship product overseas. The following information is related to that purchase: Purchase price $4,200,000 Cost to bring boat to production facility $26,000 Yearly insurance cost $26,000 Annual maintenance cost of $35,000 Received 6% discount on sales price A. Determine the acquisition cost of the boat. $

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