1. Corrieten Company purchased equipment and incurred these costs: Cash price Sales taxes Insurance during transit Installation and testing $24,000 1,200 200 400 Total costs $25,800 What amount should be recorded as the cost of the equipment? Na. $24,000. po b. $25,200. Insc. $25,400. d. $25,800.

What amount should be recorded as the cost of the equipment? a. $24,000. b. $25,200. c. $25,400. d. $25,800. What amount should be recorded as the cost of the equipment? a. $24,000. b. $25,200. c. $25,400. d. $25,800