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Carpino Company purchased equipment and these costs were incurred: Cash price $ 75,000 Sales taxes 3.500 Insurance during transit 750 Installation and testing 1.500 What

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Carpino Company purchased equipment and these costs were incurred: Cash price $ 75,000 Sales taxes 3.500 Insurance during transit 750 Installation and testing 1.500 What amount should be recorded as the cost of the equipment? $78,500 $75.000 $80.750. $79,250

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