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Ballyhigh Company purchased equipment for $40,000. Sales tax on the purchase was $3,000. Other costs incurred were freight charges of $300, repairs of $250
Ballyhigh Company purchased equipment for $40,000. Sales tax on the purchase was $3,000. Other costs incurred were freight charges of $300, repairs of $250 for damage during installation, and installation costs of $450. What is the capitalized cost of the equipment? O A. $43,250 OB. $43,750 OC. $43,000 D. $44,000
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
