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Exercise 9-2 a-d (Part Level Submission) Wildhorse Enterprises purchased equipment on March 15, 2018, for...

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Exercise 9-2 a-d (Part Level Submission) Wildhorse Enterprises purchased equipment on March 15, 2018, for $70,220. The company also paid the following amounts: $450 for freight charges; $191 for insurance while the equipment was in transit; $1,641 for a one-year insurance policy; $1,954 to train employees to use the new equipment; and $2,539 for testing and installation. The equipment was ready for use on April 1, but the company did not start using it until May 1. Wildhorse has estimated the equipment will have a 10-year useful life with no residual value. It expects to consume the equipment's future economic benefits evenly over the useful life. The company has a December 31 year end. (a) Calculate the cost of the equipment. Cost of the equipment LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used

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