25 On August 1, Daisy's Groomers purchased new grooming equipment for $48,000 plus 8% sales tax. The equipment was advertised for $52,000. Other costs associated with the grooming equipment were: training for use of new equipment, $800, delivery cost of $225, installation cost $1,100; and hiring of a new groomer, $1.000 month. At what amount will the grooming equipment be recorded on a balance sheet? Multiple Choice