Surkis Company incurs the following costs in purchasing equipment: invoice price, $40,375; transportation in, $625; installation and

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Surkis Company incurs the following costs in purchasing equipment: invoice price, $40,375; transportation in, $625; installation and testing, $1,000; one-year insurance policy, $1,750. What is the cost of the equipment?
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Accounting Principles Part 2

ISBN: 978-1118306796

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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