Corrieten Company purchased equipment and incurred these costs: Cash price $24,000 Sales taxes 1,200 Insurance during transit
Question:
Corrieten Company purchased equipment and incurred these costs:
Cash price $24,000 Sales taxes 1,200 Insurance during transit 200 Installation and testing 400 Total costs $25,800 What amount should be recorded as the cost of the equipment?
(LO 1)
(a) $24,000.
(c) $25,400.
(b) $25,200.
(d) $25,800.
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Related Book For
Financial Accounting
ISBN: 9781118953907
8th Edition
Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso
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