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5. Quogue Sporting Goods purchased a new screen-printing machine for $50,000. It cost $1,000 to...

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Accounting

5.

Quogue Sporting Goods purchased a new screen-printing machine for $50,000. It cost $1,000 to deliver the machine and $5,000 to install it. What amount should Quogue record as the cost of the machine?

  • $50,000

  • $51,000

  • $55,000

  • $56,000

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