Worthington Chandler Company purchased equipment for $12,000. Sales tax on the purchase was $800. Other costs incurred
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Question:
Worthington Chandler Company purchased equipment for $12,000. Sales tax on the purchase was $800. Other costs incurred were freight charges of $200, repairs of $350 for damage during installation, and installation costs of $225. What is the cost of the equipment?
a). $12,000
b). $12,800
c). $13,225
d). $13,575
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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