Bargain Basement Shopping Corporation purchased new credit card equipment The
Bargain Basement Shopping Corporation purchased new credit card equipment. The invoice price of the equipment was $25,000. Bargain also had the following expenses associated with purchasing this equipment:
Shipping and delivery insurance ........ $1,750
Staff training to use new equipment ...... 3,175
Electricity costs the first year ......... 125
What amount should Bargain record on the books for this equipment?

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help