Question
Sheridan Company purchased equipment and these costs were incurred: Cash price $59000 Sales taxes 4900 Insurance during transit 780 Installation and testing 1950 Total costs
Sheridan Company purchased equipment and these costs were incurred:
| Cash price | $59000 |
| Sales taxes | 4900 |
| Insurance during transit | 780 |
| Installation and testing | 1950 |
| Total costs | $66630 |
What amount should be recorded as the cost of the equipment?
|
| $66630. |
|
| $63900. |
|
| $64680. |
|
| $59000. |
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Audit Of The Federal Bureau Of Investigation Annual Financial Statements Fiscal Year 2015
Authors: Office Of The Inspector G Eneral, U.S. Department Of Justice
1st Edition
1530341264, 978-1530341269
