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Worthington Chandler Company purchased equipment for $40,000. Sales tax on the purchase was $2,400. Other costs incurred were freight charges of 5600, supplies for the

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Worthington Chandler Company purchased equipment for $40,000. Sales tax on the purchase was $2,400. Other costs incurred were freight charges of 5600, supplies for the equipment $350, and installation costs of $675. What is the cost of the equipment? $44,025 $40,000 542,400 $43,675

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