Oriole Company purchased equipment and these costs were incurred:Cash price$68000Sales taxes4600 Insurance during transit 690

Oriole Company purchased equipment and these costs were incurred:Cash price$68000Sales taxes4600
Insurance during transit
690
Installation and testing
900
Total costs
$74190
Oriole will record the acquisition cost of the equipment as
$68000.
$72600.
$73290.
$74190.
 
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