Answer:
Total cost recorded will be $49500
None of the bellow option is matched with the answer
Explanation:
We have given that a company purchased a new equipment for $42000
The company paid cash for the equipment
Other cost associated with the equipment is
Transportation cost = $2300
Sale tax = $3200
Installation cost = $2000
We have to find the cost recorded for the equipment
The cost recorded for the equipment will be equal to sum of all the cost
So cost recorded = 42000+2300+3200+2000 = $49500
None of the bellow option is matched with the answer
Answer:
Total cost for the equipment=$49.500
Explanation:
To get the total cost recorded for the equipment, we will include the cost of the equipment and additional associated costs. The expression is;
Total cost for the equipment=Equipment purchase price+transportation costs+sales tax paid+installation costs
where;
Equipment purchase price=42,000
Transportation costs=2,300
Sales tax paid=3,200
Installation costs=2,000
replacing;
Total cost for the equipment=(42,000+2,300+3.200+2.000)
Total cost for the equipment=$49,500
