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Whole Grain Bakery purchases an industrial bread machine for $22,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,250; installation,

Whole Grain Bakery purchases an industrial bread machine for $22,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,250; installation, $2,500; testing, $750; and property tax on the machine for the first year, $450. What is the initial cost of the bread machine? Total cost of the bread machineimage text in transcribed

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