Business, 19.10.2019 02:10 ghst

Mad hatter enterprises purchased new equipment for $365,000, terms f. o.b. shipping point. other costs connected with the purchase were as follows:

state sales tax 29,200
freight costs 5,600
insurance while in transit 800
insurance after equipment placed in service 1,200
installation costs 2,000
insurance for the first year of operations 2,400
testing 700

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