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Sheridan Corp. purchased a piece of equipment on September 30 for $26600. It cost $600 to ship the equipment to the facilities and another $1500
Sheridan Corp. purchased a piece of equipment on September 30 for $26600. It cost $600 to ship the equipment to the facilities and another $1500 to install the equipment. After the equipment was installed, the company had to pay an add for increased insurance. The capitalized cost of the equipment was $27200. $28700. $29300 $29900.
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