Multiple Choice
A used machine with a purchase price of $85 000, requiring an overhaul costing $8 000, installation costs of $4 000 and testing costs of $2 000, would have a cost basis of:
A) $85 000.
B) $93 000.
C) $97 000.
D) $99 000.
Correct Answer:
Verified
Correct Answer:
Verified
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