The following costs were incurred in the purchase of new office equipment. Cash price $22,000, Freight...

 

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The following costs were incurred in the purchase of new office equipment. Cash price $22,000, Freight in $3,300, Insurance during transit $200 and Installation $500. What amount should be recorded as the cost of the office equipment? Select one: a. $22,000 b. $25,500 c. $26,000 d. $25,300 The following costs were incurred in the purchase of new office equipment. Cash price $22,000, Freight in $3,300, Insurance during transit $200 and Installation $500. What amount should be recorded as the cost of the office equipment? Select one: a. $22,000 b. $25,500 c. $26,000 d. $25,300

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