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You purchased a piece of equipment during the year. the retail price of asset was 25000. After purchasing the asset you incurred 500$ of costs

You purchased a piece of equipment during the year. the retail price of asset was 25000. After purchasing the asset you incurred 500$ of costs to maintain the equipment through out the year. What is the adjusted cost base (ACB) of the asset?

a. $25000

b. unknown - not enough information given

c. $25500

Which is the right one?

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