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What is the cost of the sprinkler equipment

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Question - Shady Lanes installed automatic sprinkler systems on Sep 24/2020. The electrical work for the installation was $24,000. The invoice price of the sprinkler equipment was $280,000. Additional costs were $5,000 for delivery and $800 for insurance during transportation. During installation a sprinkler line was punctured and was replaced for $200. What is the cost of the sprinkler equipment and prepare journal entry?

Reference no: EM132599803

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