Question
32) Oriole Company purchased equipment and these costs were incurred: Cash price $68000 Sales taxes 4600 Insurance during transit 690 Installation and testing 900 Total
32)
Oriole Company purchased equipment and these costs were incurred:
Cash price
$68000
Sales taxes
4600
Insurance during transit
690
Installation and testing
900
Total costs
$74190
Oriole will record the acquisition cost of the equipment as
$68000.
$72600.
$73290.
$74190.
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
