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The Cheese Factory incurred the following costs related to acquiring a new piece of equipment: Purchase price Sales tax (8%) Shipping Installation Depreciation during

The Cheese Factory incurred the following costs related to acquiring a new piece of equipment: Purchase price Sales tax (8%) Shipping Installation Depreciation during the first month Total costs What is the total capitalized cost of the equipment? $50,000 4,000 3,000 2,000 1,000 $60,000

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