Surkis Company incurs the following costs in purchasing equipment: invoice price, $40,375; shipping, $625; installation and testing,
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Surkis Company incurs the following costs in purchasing equipment: invoice price, $40,375; shipping, $625; installation and testing, $1,000; one-year insurance policy, $1,750. What is the cost of the equipment?
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The cost of the equipment is 42000 invoice p...View the full answer
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