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Gray company purchased equipment for $120,000 on 1/2/23. Gray also incurred the following additional costs for this equip tenant: 1/3/23 freight to ship equipment to
Gray company purchased equipment for $120,000 on 1/2/23. Gray also incurred the following additional costs for this equip tenant:
1/3/23 freight to ship equipment to grays location $2,500
1/5/23 setup cost $6,000
2/15/23 correction of malfunction $3,500
How much of the above costs are charged to the equipment?
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