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QUESTION 5 Stories Company purchased equipment and these costs were incurred: Cash price $22,500 Sales taxes 1.800 Insurance during transit 320 Installation and testing 430

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QUESTION 5 Stories Company purchased equipment and these costs were incurred: Cash price $22,500 Sales taxes 1.800 Insurance during transit 320 Installation and testing 430 Total costs $25.050 Stories will record the acquisition cost of the equipment as a. $22,500 b. $24,300 C. $24,620 d. $25,050

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