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Multiple Choice Question 70 Cullumber Company purchased equipment and these costs were incurred: Cash price $70000 Sales taxes 4400 Insurance during transit 510 Installation and
Multiple Choice Question 70 Cullumber Company purchased equipment and these costs were incurred: Cash price $70000 Sales taxes 4400 Insurance during transit 510 Installation and testing 2000 Total costs $76910 What amount should be recorded as the cost of the equipment? $70000. $76910. $74400. $74910.
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