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Record the acquisition cost of the equipment

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Question - Oriole Company purchased equipment and these costs were incurred:

Cash price $68000

Sales taxes 4600

Insurance during transit 690

Installation and testing 900

Total costs $74190

Oriole will record the acquisition cost of the equipment as

$68000.

$72600.

$73290.

$74190.

Reference no: EM131727827

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