Corrieten Company purchased equipment and incurred these costs:
| Cash price Don't use plagiarized sources. Get Your Custom Essay on corrieten company purchased equipment and incurred these costs 534488 For $10/Page 0nly | $24,000 |
| Sales taxes | 1,200 |
| Insurance during transit | 200 |
| Installation and testing | 400 |
| Total costs | $25,800 |
What amount should be recorded as the cost of the equipment?
(a) $24,000.
(b) $25,200.
(c) $25,400.
(d) $25,800.
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