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Coronado Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $66000 3200 650 $70750

Coronado Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $66000 3200 650 $70750 Coronado will record the acquisition cost of the equipment as O $69200 O $70750 O $69850 O $66000

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