On January 1, B&B Tech bought equipment for $256,000 plus 7% sales tax with terms...

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Accounting

On January 1, B&B Tech bought equipment for $256,000 plus 7% sales tax with terms 2/10, n/30. B&B paid for the machine on January 23. Transportation charges to deliver the equipment were $1,550, and installation and testing costs totaled $2,450. The estimated useful life is 8 years, and the estimated salvage value is $31,220.
By how much will B&B Techs Equipment account increase as a result of the purchase

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