Watauga Company purchased equipment on July 1, 2017 for $70,000. Sales tax on the purchase was $700. Other costs incurred were freight charges of $800, insurance during shipping of $ 150, repairs of $1,300 for damage during installation, and installation costs of $1, 050. What is the cost of the equipment?
A. $70,000
B. $74,000
C. $71,500
D. $72,700
Answers: 2
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Watauga Company purchased equipment on July 1, 2017 for $70,000. Sales tax on the purchase was $700....
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