Fogelberg Company purchased equipment for $15,000. Sales tax on the purchase was $900. Other costs incurred were

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Fogelberg Company purchased equipment for $15,000. Sales tax on the purchase was $900. Other costs incurred were freight charges of $240, repairs of $420 for damage during installation, and installation costs of $270. What is the cost of the equipment?

A) $16,830.

B) $15,900.

C) $15,000.

D) $16,410.

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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