Question 18 View Policies Current Attempt in Progress Crane Company purchased equipment and these costs were incurred: Cash price $55000 Sales taxes 2200 Insurance during transit 680 Installation and testing 910 Total costs $58790 Crane will record the acquisition cost of the equipment as $58790 $57880. 555000. $57200. Question 19 View Policies Current Attempt in Progress Carla Vista Co. acquires land for $70000 cash. Additional costs are as follows. Removal of shed $300 Filling and grading 1400 Salvage value of lumber of shed 130 Broker commission 1310 Paving of parking lot 14000 Closing costs 480 Carla Vista will record the acquisition cost of the land as $70000. $73360. $71790. $73620