Question
Swifty Company purchased equipment and these costs were incurred: Cash price $65500 Sales taxes 3300 Insurance during transit 620 Installation and testing 880 Total costs
Swifty Company purchased equipment and these costs were incurred: Cash price $65500 Sales taxes 3300 Insurance during transit 620 Installation and testing 880 Total costs $70300 Swifty will record the acquisition cost of the equipment as $65500. $68800. $69420. $70300.
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
