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Question
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Asked by appleheirloom

Presto Company purchased equipment and these costs were incurred:...

Presto Company purchased equipment and these costs were incurred:

Cash price $65,000

Sales taxes 3,600

Insurance during transit 640

Installation and testing 860

Total costs $70,100

Presto will record the acquisition cost of the equipment as

 

Group of answer choices



$68,600.


$70,100.


$69,240.


$65,000.

Accounting Business Financial Accounting ACCT 41
Answer & Explanation
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Answered by ArshpreetKaur789

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