Santa Rosa recently purchased a new boat to help ship product overseas. The following information...
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Santa Rosa recently purchased a new boat to help ship product overseas. The following information is related to that purchase: Purchase price $840,000 Cost to bring boat to production facility $25,000 Yearly insurance cost $3,600 Annual maintenance cost of $12,000 Cost to modify the boat, to make the boat handicap accessible $9,000 Received 8% discount on sales price Determine the acquisition cost of the boat.
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