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What should Hasta La Pasta capitalize

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Reference no: EM133021322

Problem - Hasta La Pasta has purchased equpment for $32,000. On top of this, they paid $400 for freight and insurance while the equipment was in transit. Provincial sales taxes amounted to $240. Insurance, taxes, and maintenance costs in the first year of use amounted to $1,000. What should Hasta La Pasta capitalize to equipment on the balance sheet?

Reference no: EM133021322

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