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Scoring: Your score will be based on the number of correct matches. There is no...

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Accounting

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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. A construction company purchased a piece of equipment with a price of $100,000 on March 1 of the current year. The amounts are related to the equipment purchase. Match the items and explain how each item should be accounted for. (Choices may be used more than once.) Clear All $3,000 freight costs were paid to ship the equipment from the manufacturer. This item should be included as part of the cost of the equipment The cash purchase was made on March 8 with terms of 2/10, net 30. This item should be considered a revenue expenditure. A state agency required that a pollution-control device be installed on the equipment at a cost of $5,000. During the installation, the equipment was damaged and repair costs of $2,000 were incurred

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