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Tyson Chandler Company purchased equipment for $145,000. The shipping cost was $5,000. Tyson spent an additional $25,000 testing and preparing the equipment for use. What

Tyson Chandler Company purchased equipment for $145,000. The shipping cost was $5,000. Tyson spent an additional $25,000 testing and preparing the equipment for use. What amount should Tyson record as the cost of the equipment?

A. $135,000

b. $150,000

c. $165,000

D. $175,000

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