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Wildhorse Co. purchased equipment and these costs were incurred: Cash price $65000 Sales taxes 4300 Insurance during transit 710 Installation and testing 860 Total

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Wildhorse Co. purchased equipment and these costs were incurred: Cash price $65000 Sales taxes 4300 Insurance during transit 710 Installation and testing 860 Total costs $70870 Wildhorse will record the acquisition cost of the equipment as $69300 $70010. $70870. $65000.

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