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Multiple Choice Question 72 Concord Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs

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Multiple Choice Question 72 Concord Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $65700 3400 680 840 $70620 Concord will record the acquisition cost of the equipment as $70620. $65700. $69100. $69780

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