Wildhorse Co. purchased equipment and these costs were incurred: Cash price $93000 Sales taxes 2500 Insurance during 500 transit Installation and 1350 testing Total costs $97350 What amount should be recorded as the cost of the equipment? $97350. O $95500. $96000. $93000. Cullumber Company acquires land for $83000 cash. Additional costs are as follows. Removal of shed $200 Filling and grading 1700 Salvage value of lumber of shed 140 Broker commission 1270 Paving of parking lot Closing costs 420 Cullumber will record the acquisition cost of the land as $86730. $86450. $84690. $83000