stockton corporation purchased equipment for 32000. stockton also paid $400 for freight and insurance while...
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stockton corporation purchased equipment for 32000. stockton also paid $400 for freight and insurance while the equipment was in transit.Sales tax amounted $240. insurance,tax, and maitenance the first year of use costs 1000. how much should stockton corporation capitalize as the cost of the equipment. a)30000 b)30400 c)32640 d)31640
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