Mad Hatter Enterprises purchased new equipment for $358,000, terms f. o.b. shipping point. Other costs connected with the purchase were as follows: State sales tax $ 28,500 Freight costs 4,900 Insurance while in transit 730 Insurance after equipment placed in service 1,130 Installation costs 1,650 Insurance for the first year of operations 2,050 Testing 630 Required: Determine the capitalized cost of the equipment.

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker