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What the equipment should be recorded in company books at

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Reference no: EM132983254

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.

Reference no: EM132983254

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