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A company purchased new equipment for $77,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $1,850, sales
A company purchased new equipment for $77,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $1,850, sales tax paid $6,400; and installation cost, $4,200. The cost recorded for the equipment was: Multiple Choice $77,000. $85,250. $89,450. $78,850
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