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Prince's Pipe Co. purchases equipment with a list price of $22,000. Regarding the purchase, Prince:...

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Accounting

Prince's Pipe Co. purchases equipment with a list price of $22,000. Regarding the purchase, Prince:

Received a 2% discount off the list price

Paid shipping costs of $800

Paid $1,750 to install the equipment, $1,200 of which was for a unique stand for the equipment

Paid $2,800 to insure the equipment, $300 for delivery transit, and $2,500 for a two-year policy to cover operations

Paid $600 to have the manufacturer train employees on safety features Required:

Determine the acquisition cost of the equipment.

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