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Presto Company purchased equipment and these costs were incurred: Cash price $65,000 Sales taxes 3,600 Insurance during transit Installation and testing 860 Total costs $70,100
Presto Company purchased equipment and these costs were incurred: Cash price $65,000 Sales taxes 3,600 Insurance during transit Installation and testing 860 Total costs $70,100 Presto will record the acquisition cost of the equipment as Select one: a. $65,000 b. $68,600 c. $70,100. dd. $69,240
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
