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Superior BBQ purchased a piece of equipment by paying $8,000 cash. They also incurred a shipping cost of $800 to get the equipment to
Superior BBQ purchased a piece of equipment by paying $8,000 cash. They also incurred a shipping cost of $800 to get the equipment to its factory and $400 tax. The fair value of this equipment is $10,000. For what amount should Superior BBQ record the equipment? Select one or more: a. 10,000 b. 8,000 c. 8,800 d. 9,200
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