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An enterprise purchases a piece of machinery for $150,000. In addition, the enterprise pays $9,000 in sales tax on the purchase and pays $5,000 to

An enterprise purchases a piece of machinery for $150,000. In addition, the enterprise pays $9,000 in sales tax on the purchase and pays $5,000 to have the machinery delivered to its manufacturing facility and installed. Before using the machinery, the enterprise prepays $7,000 in insurance for the first year. What amount will be capitalized to the Balance Sheet?

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