Anniston Company purchased equipment and incurred the following costs: Purchase price $40,000 Cost of trial runs 800

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Anniston Company purchased equipment and incurred the following costs:

Purchase price $40,000 Cost of trial runs 800 Installation costs 200 Sales tax 2,000 What is the cost of the equipment?

a. $40,000

b. $42,000

c. $42,900

d. $43,000

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Related Book For  book-img-for-question

Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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