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Find what amount should be recorded as cost of the equipment

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Reference no: EM132570277

ABC had the following expenditures related to a new equipment:

Purchase price $35,000

Sales taxes $2,100

Insurance during transit $300

Annual maintenance costs $180

Installation $1,900

Annual insurance costs $100

Question 1: What amount should be recorded as the cost of the equipment?

A. $39,000

B. $35,000

C. $39,580

D. $39,300

Reference no: EM132570277

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