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A company purchased new equipment for $52,000. The company paid cash for the equipment. Other...

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Accounting

A company purchased new equipment for $52,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $2,500; sales tax paid $2,800; and installation cost, $1,800. The cost recorded for the equipment was: Multiple Choice $57,300. $52,000. $59,100. $54,500.

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