Susans Bake Shop bought a new air-conditioning system when the old one stopped working. The invoice price

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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?

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Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

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Question Posted: Sep 01, 2014 12:39 PM

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Susans Bake Shop bought a new air-conditioning system when the old one stopped working. The invoice price

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Invoice price 45...View the full answer

Financial Accounting: A Business Process Approach

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