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Multiple Choice Question 67 Blossom Company purchased equipment and these costs were incurred: Cash price $85000 Sales taxes 4300 Insurance during transit 750 Installation and

Multiple Choice Question 67

Blossom Company purchased equipment and these costs were incurred:

Cash price

$85000

Sales taxes

4300

Insurance during transit

750

Installation and testing

930

Total costs

$90980

Blossom will record the acquisition cost of the equipment as

$90980.

$90050.

$85000.

$89300.

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