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Business, 04.05.2020 22:37 dajahp

1. New equipment with a list price of $100,000, credit terms of 3/10 n/30 and transportation cost of
$7.000 is acquired by a company. Insurance while in transit amounts of $200. Insurance on the
equipment during its first year of use amounted to $800. Assuming the equipment is paid for within
discount period, the equipment should recorded with a debit to equipment for :
A) $104,200.
B) $97.000.
C) $107,200.
D) $105,000.

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