Question

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?



$1.99
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  • CreatedSeptember 01, 2014
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