Question: PLEASE ANSWER QUICKLY 12) (I point) A company purchased new equipment for $30,000. The company paid cash for the cquipment. Other costs associated with the

PLEASE ANSWER QUICKLY

12) (I point) A company purchased new equipment for $30,000. The company paid cash for the cquipment. Other costs associated with the equipment were: shipping costs, $1,000; sales tax paid $3,000; and installation cost, $2,500. The cost recorded for the equipment was: A) $36.500. B) $34,000. C) $31,000. D) $30,000

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