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Swifty Company purchased equipment and these costs were incurred: Cash price $65500 Sales taxes 3300 Insurance during 620 transit Installation and testing 880 Total

Swifty Company purchased equipment and these costs were incurred: Cash price $65500 Sales taxes 3300 Insurance during 620 transit Installation and testing 880 Total costs $70300 Swifty will record the acquisition cost of the equipment as $68800. $70300. $69420. $65500.

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