Business, 21.11.2019 06:31, vismayagejjala

On march 1, wright company purchased new equipment for $50,000 by paying cash. other costs associated with the equipment were: transportation costs, $1,000; sales tax paid $4,000; and installation cost, $2,500. at what amount will the equipment be recorded on a balance sheet? a. $57,500. b. $54,000. c. $51,000. d. $53,500.

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On march 1, wright company purchased new equipment for $50,000 by paying cash. other costs associate...