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What amount should the clothing designer record equipment

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Question: A clothing designer purchased a piece of assembly equipment costing $32,000, and they paid in cash. It also cost $2,200 to transport the equipment, $3,000 in taxes for the equipment, and $4,400 for workers to install the equipment in the factory. What amount should the clothing designer record the equipment at on the balance sheet? Please show all account names and steps.

Reference no: EM132716077

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