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What is the acquisition cost of the photocopier

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Ling Corp. incurred the following cost, all paid in cash, when the company purchases a photocopier on May 1, 2021:

Invoice price of $21,000,

freight of $1,200 paper and ink supplies of $270,

installation of $2,500,

cost of testing after installation $440, and

1-year insurance policy of $240

Problem 1: What is the acquisition cost of the photocopier?

Option 1: 25,140
Option 2: 25,650
Option 3: 25,380
Option 4: 24,700
Option 5: 23,940

Reference no: EM132962490

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