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Yocum Company purchased equipment on January 1 at a list price of $120,000, with credit terms 2/10, n/30. Payment was made within the discount period
Yocum Company purchased equipment on January 1 at a list price of $120,000, with credit terms 2/10, n/30. Payment was made
within the discount period and Yocum was given a $2,400 cash discount. Yocum paid $6,000 sales tax on the equipment,
and paid installation charges of $1,760. Prior to installation, Yocum paid $4,000 to pour a concrete slab on which
to place the equipment.What is the total cost of the new equipment?
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