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2 Part of Required information The following information applies to the questions payed below In this module, you will learn how to apply the cost principle to the action of longtved The cost of land, blant and equipment is the cash equivalent purchase price plus reasonable and recessary expenditures de ce and prepare the asset for its intended use Expenditures made after the assets in the expenedor capitalized as a cost of the asset OGG Cost of the Tanghaleset Print Title who Knowledge Check 01 Silver Company purchased a machine for use in the business. The purchase price was $55.000 and the related sales tax totaled 5500 Silver paid S1000 to have the machine delivered to its factory and $2.000 to save it assembled Over the five yearlife of the machine maintenance cost of $800 will be incurredamy What is the capitalized cost of the asset? Ceritat cost of the