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A company purchased new equipment for $74,000. The company paid cash for the equipment Other...

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Accounting

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A company purchased new equipment for $74,000. The company paid cash for the equipment Other costs associated with the equipment were: transportation costs. $1,700; sales tax paid $5,800; and installation cost, $3,900. The cost recorded for the equipment was: Multiple Choice $85.400 $74,000. $75,700. $81,500

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