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Which of the amounts would the machine be recorded

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Question 1: Obama Development Company purchased a used machine for $12,000. The machine required installation costs of $3000 and insurance while in transit of $1500. At which of the following amounts would the machine be recorded?

A) $12,000

B) $15,000

C) $13,500

D) $16,500

Reference no: EM132647680

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