pany pald Casin lor the equiprhenit. Other cosSts associated with the equip were: transportation costs, $1,250; sales tax paid $4,000; and installation cost, $3,000. The cost recorded for the equipment was: Multiple Choice $65,000. O $70.250. $73.250 ( Prev 5 of 15 Next >

pany pald Casin lor the equiprhenit. Other cosSts associated with the equip were: transportation costs, $1,250; sales tax paid $4,000; and installation cost, $3,000. The cost recorded for the equipment was: Multiple Choice $65,000. O $70.250. $73.250 ( Prev 5 of 15 Next >

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 5MC: Ngo Company purchased a truck for $54,000. Sales tax amounted to $5,400; shipping costs amounted to...

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Question

A company purchased new equipment for $65,000. The company paid cash for the equipment. Other costs associated with the equipment
were: transportation costs, $1,250; sales tax paid $4,000; and installation cost, $3,000. The cost recorded for the equipment was:
Multiple Choice
$65,000.
$70,250.
$73.250
< Prey
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aved
Multiple Choice
$65,000.
$70.250.
$73.250.
$65 250
K Piev
Next >

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