Business, 05.05.2020 09:20 ashtonbillups

Corrieten Company purchased equipment and incurred these costs:
Cash price $24,000
Sales Tax 1,200
Installation and testing 400
Insurance during transit 200
Total costs $25,800
What amount should be recorded as the cost of the equipment?
A. $24,000
B. $25,200
C. $25,400
D. $25,800

Answers: 3

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Corrieten Company purchased equipment and incurred these costs:
Cash price $24,000
Sal...