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Which of the following best describes the composition of depreciable asset in the initial outlay calculation? purchase price of a new asset purchase price of

Which of the following best describes the composition of depreciable asset in the initial outlay calculation?

purchase price of a new asset

purchase price of a new asset, shipping/installation cost, initial investment in working capital, and net proceeds from the sale of the old asset

purchase price of a new asset, shipping/installation cost, and initial investment in working capital

purchase price of a new asset and shipping/installation cost

none of the above

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