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Solo Company purchased a new piece of equipment with a list price of $175,000 and subject to a 5 percent discount if paid within 45
Solo Company purchased a new piece of equipment with a list price of $175,000 and subject to a 5 percent discount if paid within 45 day5. H. Solo paid within the discount period. The company also paid \$1.500 to obtain title to the equipment and $600 as the license fee for the frist year of operation. It paid $2,500 to level the area in which the equipment would be located and $12,500 to relocate other equipment that would have interfered with the proper operation of the new equipment. H. Solo paid $400 for property and liability insurance for the first year of operation. What is the acquisition cost of this equipment that H. Solo should record in its accounting records? Note: Enter you answer as an integer with NO dollar (\$) sign (for example: enter $10,000 as 10000)
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