Merry company purchased a machine costing 125000 for its, Financial Accounting

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Merry company purchased a machine costing 125000 for its

Merry Company purchased a machine costing $125,000 for its manufacturing operations and paid shipping costs of $20,000. Merry spent an additional $10,000 testing and preparing the machine for use. What amount should Merry capitalize as the cost of the machine? A) $155,000 B) $145,000 C) $135,000 D) $125,000 E) $ 95,000

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