In November, the Mathilde Corporation purchased some equipment that had an original list price of $50,000 although it was ultimately purchased for \$45,000 after a discount was applied. By December, similar used equipment was listed for sale for $52,000 at various sites due to shortages. According to the historical cost principlethe equipment would be reported at what amount in the company's year-end financial statements?

Question 7 1 pts In November, the Mathilde Corporation purchased some equipment that had an original list price of $50,000 although it was ultimately purchased for $45,000 after a discount was applied. By December, similar used equipment was listed for sale for $52,000 at various sites due to shortages. According to the historical cost principle, the equipment would be reported at what amount in the company's year-end financial statements? 52,000 50,000 48,000 45,000 0