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What the cost recorded for the equipment was

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Reference no: EM132532983

A company purchased new equipment for $42,000. The company paid cash for the equipment. Other costs associated with the equipment were:

transportation costs, $1,400;

sales tax paid $2,600; and

installation cost, $3,300.

Question 2: The cost recorded for the equipment was:

Multiple Choice

Option 1: $43,400.

Option 2: $42,000.

Option 3: $46,000.

Option 4: $49,300.

Reference no: EM132532983

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