A company purchased a piece of equipment by paying $13,000 cash. A shipping cost of $800 to get the equipment to its factory was also incurred. The fair value of the equipment was $8,600 at the time of the purchase. For what amount should the company record the equipment? 30 Multiple Choice $13,000 $8.600 $9.400. Multiple Choice $13,000 $8.600. $9,400 $13,800