Company G purchased an equipment for $125,000 on January 1, 2022. The equipment was placed...
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Accounting
Company G purchased an equipment for $125,000 on January 1, 2022. The equipment was placed in service on May 30, 2022. The company also incurred $2,000 shipping cost, $3,000 installation cost, and $4,000 testing cost. At what value should Company G report the equipment on the balance sheet at year end, December 31?
A. $134,000
B. $125,000
C. $130,000
D. $127,000
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