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Question - Use the information below, which relates to the purchase of a machine, to answer the question that follows. Enter your answer using digits only - no dollar signs, commas, or decimal points.
Invoice price = 160000
Shipping cost = 5000
Shipping insurance = 1500
Three-year insurance policy = 3600
Installation and testing = 7500
Employee training = 3500
What is the acquisition cost of the machine?
The proceeds were recorded in a capital projects fund
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