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Whole Grain Bakery purchases an industrial bread machine for $ 2 3 , 5 0 0 . In addition to the purchase price, the company

Whole Grain Bakery purchases an industrial bread machine for $23,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,350; installation, $2,700; testing, $850; and property tax on the machine for the first year, $470.
What is the initial cost of the bread machine?
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