Question: Zippo Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $65,000 3,600 640 860

Zippo Company purchased equipment and these costs were incurred: Cash price Sales taxes Insurance during transit Installation and testing Total costs $65,000 3,600 640 860 $70,100 Zippo will record the acquisition cost of the equipment as: a. $70,100 b. $65,000 c. $69,240 d. $68,600

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