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Whole Grain Bakery purchases an industrial bread machine for $25,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,550; installation,

Whole Grain Bakery purchases an industrial bread machine for $25,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,550; installation, $3,100; testing, $1,050; and property tax on the machine for the first year, $510. What is the initial cost of the bread machine

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