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What is the total book value of the boat

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Question - Champ's Pet Emporium purchased a new boat for the business. The boat costs $55,500. Besides this cost, the table below lists other expenses relating to this asset:

Improvement or cost:

Cost

New Seats

$8,100

Motor

$12,400

Docking Fees

$3,250

Required - What is the total book value of the boat? Show your work.

Reference no: EM133175935

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