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Braun Company purchased equipment and these costs were incurred: Cash price $66300 Sales taxes 4100 Insurance during transit 590 Installation and testing 810 Total costs
Braun Company purchased equipment and these costs were incurred:
Cash price | $66300 |
Sales taxes | 4100 |
Insurance during transit | 590 |
Installation and testing | 810 |
Total costs | $71800 |
Braun will record the acquisition cost of the equipment as
a) $70990
b) $66300
c) $70400
d) $71800
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