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Sheridan Company purchased equipment on January 1 at a list price of $160000, with credit terms 2/10,n/30. Payment was made within the discount period. Sheridan

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Sheridan Company purchased equipment on January 1 at a list price of $160000, with credit terms 2/10,n/30. Payment was made within the discount period. Sheridan paid $6750 sales tax on the equipment and paid installation charges of $1800. Prior to installation, Sheridan paid $6000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? O $171350 $174550 $160750. $166750

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