Insurance policy against fire during the period of use

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Question: ZZ Inc. bought a machine for cash at a price of $90,000. The company also had to bear the following costs: transport costs, $1,600; installation and connection of the machine on the company's premises, $13,500; lubricants and other supplies for use in operating the machine, $2,750; an insurance policy against fire during the period of use of the machine, $1,400.

Reference no: EM133327735

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