Santa Rosa recently purchased a new boat to help ship product overseas. The following information...

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Accounting

Santa Rosa recently purchased a new boat to help ship product overseas. The following information is related to that purchase:
Purchase price $4,500,000
Cost to bring boat to production facility $25,000
Yearly insurance cost $25,000
Annual maintenance cost of $30,000
Received 8% discount on sales price
What is the amount that is capitalized?

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