A company purchased new equipment for $76,000. The company paid cash for the equipment. Other...
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Accounting
A company purchased new equipment for $76,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $1,800; sales tax paid $6,200; and installation cost, $4,100. The cost recorded for the equipment was:
Multiple Choice
$88,100.
$76,000.
$84,000.
$77,800.
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