Question

Susan’s Bake Shop bought a new air-conditioning system when the old one stopped working. The invoice price of the system was $45,000. Susan’s also had the following expenses associated with the purchase:
Delivery charge ............... $1,925
Installation ................ 3,250
Power to run the system for the first year .... 1,275
What amount should Susan’s record on the books for this air-conditioning system?



$1.99
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  • CreatedSeptember 01, 2014
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