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eCUIL, the land's cost will be booked at: 3180,000 and to the building of $220.0 a. $220,000 $165,000 c$135,000 $180,000 Your firm purchases a bookcase
eCUIL, the land's cost will be booked at: 3180,000 and to the building of $220.0 a. $220,000 $165,000 c$135,000 $180,000 Your firm purchases a bookcase and you are given the following data: Cost Sales tax Freight (paid by purchaser) $700 35 40 To record the purchase, you a. debit Sales Tax Expense for $35. b. debit Furniture for $700. c. debit Furniture for $775 d. debit Furniture for $740. An asset's original cost does not include: a. invoice price b. freight-in set-up costs d.freight-out our firm purchases equipment and you are given the following data: Cost Sales tax Delivery cost Installation cost $10,000 700 100 75 or what amount do you debit the Equipment account? $10,000 $10,700 $10,775 $10,875
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