Question: On January 1 , 2 0 x 2 , The GenKota Winery purchased a new bottling system. The system has an expected life 5 years.

On January 1,20x2, The GenKota Winery purchased a new bottling system. The system has an expected life 5 years. The system cost $325,000. Shipping, installation, and set up was an additional $35,000.

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