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(5 points) Sunstep Co. purchased equipment for $1,189,000 plus sales tax of $107,000. In addition, they paid $95,000 in shipping costs and $23,800 in
(5 points) Sunstep Co. purchased equipment for $1,189,000 plus sales tax of $107,000. In addition, they paid $95,000 in shipping costs and $23,800 in installation costs. Finally, they paid $59,000 to repair damage done during installation. How much should they capitalize as the cost of the equipment? (A 22) $1,296,000 $1,414,800 $1,307,800 $1,473,800
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