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Home Q & A Board Other Fields Homework Help Business Accounting
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harra harra
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6 years ago
A company purchased a used machine for $80,000. The machine required installation costs of $8,000 and insurance while in transit of $500. At which of the following amounts would the equipment be recorded?
A) $80,500
B) $88,500
C) $88,000
D) $80,000
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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#1
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6 years ago
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harra Author
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#2
6 years ago
Can't believe how you found this in the textbook, great answer.
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