Wildhorse Corp. purchased a piece of equipment on September 30 for $27400. It cost $800...
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Accounting
Wildhorse Corp. purchased a piece of equipment on September 30 for $27400. It cost $800 to ship the equipment to the companys facilities and another $1000 to install the equipment. After the equipment was installed, the company had to pay an additional $1900 for increased insurance. The capitalized cost of the equipment was
a.$30300.
b.$29200.
c.$28200.
d.$31100.
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