Question: Marlin bowling installs automatic scorekeeping equipment with an invoice cost
Marlin Bowling installs automatic scorekeeping equipment with an invoice cost of $350,000. The electrical work required for the installation costs $10,000. Additional costs are $4,000 for delivery and $21,000 for sales tax. During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $4,200. What is the total recorded cost of the automatic scorekeeping equipment?
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