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What is the amount capitalized to the balance sheet

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Question - ABC Ltd. incurred the following costs related to the purchase of a machine:

Invoice price $10,500

Insurance during transit 200

Pouring cement slab on which the machine must be mounted 1,000

Interest expense on debt used to buy the asset 2,500

Shipping costs 100

Annual service contract cost 300

Required - What is the amount capitalized to the balance sheet for the machine?

Reference no: EM133143277

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