D&D Company paid $20,500 to acquire a 100 ton press. Freight charges to deliver the...
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Accounting
D&D Company paid $20,500 to acquire a 100 ton press. Freight charges to deliver the equipment amounted to $1,700 and were paid by S&D. Installation costs amounted to $870, and machine testing charges amounted to $450.
What amount should be capitalized to the Equipment account?
Choose one:
A. $23,520
B. $20,500
C. $22,500
D. $12,500
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