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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

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 $410.
What is the initial cost of the bread machine?
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