ABC Company bought equipment on January 1 with a list price of $125,000 and credit...

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Accounting

ABC Company bought equipment on January 1 with a list price of $125,000 and credit terms 210,n30. The payment was made within the discount period. ABC also paid $6,250 in sales tax and $2,200 for installation. Before installation, a $5,000 concrete slab was poured for the equipment. Determine the total cost of the equipment.
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