your company buys a computer system from IBM for $4 million and pays IBM $500,000...

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Accounting

your company buys a computer system from IBM for $4 million and pays IBM $500,000 to install the computer system. your company shout record:
1. 3.5 million in equipment and the rest in expenses
2. 4.5 million in euquipment
3. $4 million in equipment and 500,000 in expenses
4. 4.5 million in expenses

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