Question: View Policies Current Attempt in Progress Joe & Co. purchased a used tractor for hauling materials in the business. The tractor had a purchase

View Policies Current Attempt in Progress Joe & Co. purchased a used

View Policies Current Attempt in Progress Joe & Co. purchased a used tractor for hauling materials in the business. The tractor had a purchase price of $25,000. Before starting to use the tractor, Joe & Co. paid $3.300 to overhaul the engine. $1,100 for shipping of the tractor, and 54,200 for the next year's insurance. What was the recorded cost of purchasing the tractor? $29,400 O $28.300 O $33,600 $25,000

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