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Sunland Company purchased equipment and these costs were incurred: Cash price $66100 Sales taxes 3700 Insurance during transit 590 Installation and testing 800 Total costs

Sunland Company purchased equipment and these costs were incurred: Cash price $66100 Sales taxes 3700 Insurance during transit 590 Installation and testing 800 Total costs $71190 Sunland will record the acquisition cost of the equipment as $71190. $66100. $70390. $69800

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