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Oriole Company purchased equipment and these costs were incurred: Cash price $82000 Sales taxes 3400 Insurance during transit 770 Installation and testing 840 Total costs
Oriole Company purchased equipment and these costs were incurred:
Cash price
$82000
Sales taxes
3400
Insurance during transit
770
Installation and testing
840
Total costs
$87010
Oriole will record the acquisition cost of the equipment as
$82000.
$85400.
$86170.
$87010.
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