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How much is the capitalized cost of the equipment

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Reference no: EM132995799

Problem - On January 1, Michaelene Company purchased equipment with an invoice cost of $216,000. The company paid 8% sales taxes on the invoice cost and an additional $1,000 to ship the equipment to the company's facilities. On January 15, the company hired an outside company to train its employees on the new equipment at a cost of $2,400. How much is the capitalized cost of the equipment?

Reference no: EM132995799

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