Freight charges and insurance

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Reference no: EM13949497

Equipment was purchased for $50,000. Freight charges and insurance while in transit totaled $900 and sales tax was $500. Insurance, taxes, and maintenance costs for the first year of use were $3,000. What is the cost of the equipment?

	a.	$54,400
	b.	$51,400
	c.	$50,500
	d.	$50,000
	e.	none of the above

Reference no: EM13949497

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