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LO SAL ILSE Cost of Equipment Review na FN The following expenditures relate to equipment purchased : Purchase price $48,000 Transportation costs 2,400 Installation and

LO SAL ILSE Cost of Equipment Review na FN The following expenditures relate to equipment purchased : Purchase price $48,000 Transportation costs 2,400 Installation and special wiring 1,500 Testing 6,000 For what amount will be recorded for the purchase of equipment? a. $51,900 b. $57,900 C. $50,800 d. $48,000

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