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Question 5 Rodgers Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $55,000 3,600

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Question 5 Rodgers Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $55,000 3,600 640 860 $60,100 Rodgers will record the acquisition cost of the equipment as $55,000 $58,600. $59,240. $60,100

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