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A company purchased new equipment for $60,000. The company paid cash for the equipment. Other costs associated with the equipment were transportation costs, $2,800; sales
A company purchased new equipment for $60,000. The company paid cash for the equipment. Other costs associated with the equipment were transportation costs, $2,800; sales tax paid $3,800; and installation cost $1.900. The cost recorded for the equipment was: Multiple Choice $68,500 $62,800 $66,600 $60,000
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