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Whole Grain Bakery purchases an Industrial bread machine for $20,500. In addition to the purchase...

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Accounting

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Whole Grain Bakery purchases an Industrial bread machine for $20,500. In addition to the purchase price, the company makes the following expenditures: freight, $1,050; Installation, $2,100; testing, $550; and property tax on the machine for the first year, $410. What is the initial cost of the bread machine? 20,500 Purchase price Freight Installation Total cost of the bread hachine $ 20.500

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