Question: Steele Corp. purchases equipment for $ 3 0 , 0 0 0 . Regarding the purchase, Steele * paid shipping of $ 1 , 2

Steele Corp. purchases equipment for $30,000. Regarding the purchase, Steele * paid shipping of $1,200,* paid installation fees of $2,750,* pays annual maintenance cost of $250, and * received a 10% discount on sales price. Determine the acquisition cost of the equipment.
Steele Corp. purchases equipment for $30,000. Regarding the purchase, Steele *

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