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You are going to purchase a new piece of equipment to use in your business.Based on the information below, what will be your Capital Investment (aka;...

You are going to purchase a new piece of equipment to use in your business. Based on the information below, what will be your Capital Investment (aka; Depreciable Basis?)

Purchase Price of the Equipment$75,000

Required Modifications$30,000

Shipping to your factory$12,000

Setup and Testing$5,000

Sales Tax$8,500

Electricy for use in production$12,000

Labor used in production$17,000

Top Answer

Capital Investment = 130500 Note : Electricity and labor used in... View the full answer

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