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What the presto will record acquisition cost of equipment

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Reference no: EM133023988

Question - Presto Company purchased equipment and these costs were incurred:

Cash price $65,000

Sales taxes 3,600

Insurance during transit 640

Installation and testing 860

Total costs $70,100

Required - What the Presto will record the acquisition cost of the equipment?

a. $68,600.

b. $70,100.

c. $69,240.

d. $65,000.

Reference no: EM133023988

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