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The following information is available for Magenta Inc.: Purchase price of equipment $25,000 Freight costs 1,990 Installation costs 1,470 Damage during installation 520 The equipment

The following information is available for Magenta Inc.: Purchase price of equipment $25,000 Freight costs 1,990 Installation costs 1,470 Damage during installation 520 The equipment purchased would be recorded at a. $28,980. b. $3,460. c. $28,460. d. $3,980

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