54) A company purchased a piece of equipment by paying $5,000 cash. Shipping cost of...
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Accounting
A company purchased a piece of equipment by paying $ cash. Shipping cost of $ to get the equipment to its factory was also incurred. The fair value of this equipment is $ For what amount should the company record the equipment? Group of answer choices B $ A $ D $ C $
A company purchased a piece of equipment by paying $ cash. Shipping cost of $ to get the equipment to its factory was also incurred. The fair value of this equipment is $ For what amount should the company record the equipment?
Group of answer choices
B $
A $
D $
C $
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