on 30 Recording depreciation each period is necessary in accordance with the ed out of question Select one: O a. The answer does not exist b. asset valuation principle. C. going concern principle. d. historical cost principle. e. expense recognition principle. on 31 ed HP Company purchased equipment on January 1 at a list price of $127,000, with credit terms 2/10, n/30. Payment was made within the discount period and Yocum was given a $21.400 cash discount. Yocum paid $6,000 sales tax on the equipment, and paid installation charges of $11.760. Prior to installation, Yocum paid $4,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? out of question Select one: a. $131,760 b. $129,360 c. $125,360 d. $ 123,600 e. The answer does not exist