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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,

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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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