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3. Stories Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $22,500 1,800 320

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3. Stories Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $22,500 1,800 320 Stories will record the acquisition cost of A) $22,500. B) $24,300. C) $24,620. (D) $25,050 uipment as

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