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FINANCIAL ACCOUNTING 11-1-20192 Question 6 Not yet answered Marked out of 1.00 Flag question P Company purchased equipment and the following costs were incurred Cash

FINANCIAL ACCOUNTING 11-1-20192 Question 6 Not yet answered Marked out of 1.00 Flag question P Company purchased equipment and the following costs were incurred Cash price $65.000 Sales taxes 3,600 Insurance during transit 640 Installation and testing 860 Total costs $70.100 What is the acquisition cost of this company? Select one: a $68,600 . 570,100 C. 55,000 Next

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