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Worthington Chandler Company purchased equipment for $40,000. Sales tax on the purchase was $2,400. Other costs incurred were freight charges of $600, repairs of $350 for damage during installation, and installation costs of $675. What is the cost of the equipment?

Respuesta :

Answer:

cost of the equipment = $43,350

Explanation:

Given that,

Equipment purchased = $40,000

Sales tax on purchase = $2,400

Freight charges = $600

Installation cost = $350

Total cost of the equipment:

= Equipment purchased + Sales tax on purchase +  Freight charges +  Installation cost

= $40,000 + $2,400 + $600 + $350

= $43,350

so,

cost of the equipment = $43,350

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