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9 December, 03:57

Presto company purchased equipment and these costs were incurred: cash price $65,000 sales taxes 3,600 insurance during transit 640 installation and testing 860 total costs $70,100 presto will record the acquisition cost of the equipment as

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  1. 9 December, 05:37
    0
    Given:

    cash price $65,000

    sales taxes 3,600

    insurance during transit 640 i

    nstallation and testing 860

    total costs $70,100

    Presto will record the acquisition cost of the equipment as $70,100.

    Acquisition cost is the cost of buying an equipment as well as the cost paid in making sure that the equipment is in working order. A cost is recognized as a part of an acquisition cost when its absence is detrimental to the purchase of the item.
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Home » Business » Presto company purchased equipment and these costs were incurred: cash price $65,000 sales taxes 3,600 insurance during transit 640 installation and testing 860 total costs $70,100 presto will record the acquisition cost of the equipment as
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