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(Financial reporting) Based on the following equipment purchase information, calculate its asset value. Equipment Cost = $100,000 Sales Tax = 7% Transportation Cost & Warehouse
(Financial reporting)
Based on the following equipment purchase information, calculate its asset value.
Equipment Cost = $100,000
Sales Tax = 7%
Transportation Cost & Warehouse Cost = $2,000
Conversion Cost = $3,000
Installation Cost = $5,500
Interest Cost = 0.5% of Equipment Cost
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