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Initial Cost of Long Lived Assets
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Initial Cost of Long Lived Assets
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8. Long Lived Assets / Initial Cost of Long Lived Assets / Problem 5
Problem 5
A company purchases equipment for \$80,000, pays \$4,000 in taxes, \$2,000 for delivery, and \$1,000 for installation. What is the total initial cost of the equipment?
A
\$86,000
B
\$85,000
C
\$88,000
D
\$87,000
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