Production equipment is purchased at the cost of $87,500. In addition, the company paid $2,450...
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Accounting
Production equipment is purchased at the cost of $87,500. In addition, the company paid $2,450 in shipping costs, $1,650 to install the equipment, and a $589.00 insurance cost due to the new equipment. What will be the cost of the equipment on the balance sheet?
Select one:
a.
$91,600
b.
$82,770
c.
$89,739
d.
$80,610
e.
$92,200
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