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Question(s) / Instruction(s):

Abs co purchased a piece of machinery by paying 5,000 cash . In addition to the purchase price, the company incurred 100 frieght charges. The machine has an estimated useful life of 5 years and will require 125 for insurance over that period. ABS would record the cost of the machine at A 5,000 B 5,100 C 5,125 D 5,225

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