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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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