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On July 1, Campbell Company purchased new equipment for $90,000 by paying cash. Other costs associated with the equipment were: transportation costs, $1,800; sales tax
On July 1, Campbell Company purchased new equipment for $90,000 by paying cash. Other costs associated with the equipment were: transportation costs, $1,800; sales tax paid, $7,200; and installation cost, $4,500. At what amount will the equipment be recorded on a balance sheet
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