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W bought a new printing machine. The cost of the machine was $ 8 0 , 0 0 0 . The installation costs were$ 5

 W bought a new printing machine. The cost of the machine was $80,000. The installation costs were$5,000 and the employees received training on how to use the machine, at a cost of $2,000. Beforeusing the machine to print customers' orders, a test was undertaken and the paper and ink cost $1,000.What should be the cost of the machine in the company's statement of financial position?

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