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The following amounts were paid for equipment. At what amount should the equipment be recorded? Purchase price $50,000 Damage during shipment $4,500 Tarriffs $3,200 Installation

The following amounts were paid for equipment. At what amount should the equipment be recorded? Purchase price $50,000 Damage during shipment $4,500 Tarriffs $3,200 Installation \$6,000 Freight $1,000 A. $64,700 B. $56,00 C. $50,000 D. $60,200

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