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Ariopolous Company incurred the following expenses in acquiring manufacturing equipment. $
Gross invoice price (includes GST) 99 000
Transportation costs to get the equipment to the factory (net of GST) 1 000
Special permit to allow a wide load on freeway (net of GST) 450
Twelve months insurance policy on the equipment (net of GST) 200
Problem 1: The equipment should be recorded in the company's books at:
Select one:
a. $91 650.
b. $100 450.
c. $101 650.
d. $91 450.
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