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Home Q & A Board Other Fields Homework Help Business Accounting
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wiliam789 wiliam789
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5 years ago
Ballyhigh Company purchased equipment for $10,000. Sales tax on the purchase was $750. Other costs incurred were freight charges of $500, repairs of $250 for damage during installation, and installation costs of $550. What is the capitalizable cost of the equipment?
A) $10,750
B) $11,000
C) $11,800
D) $12,050
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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MP9MP9
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#1
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5 years ago
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wiliam789 Author
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#2
5 years ago
Tremendous help, I just double-checked it with my friend Smiling Face with Open Mouth
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#3
3 years ago
Great explanation!
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