A company purchased new equipment for $74,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $1,700; sales tax paid $5,800; and installation cost, $3,900. The cost recorded for the equipment was: Multiple Choice $85,400 $74,000. O $75,700 $81,500,

Subject - account  Please help me.  Thankyou.

Cullumber Company purchased equipment and these costs were incurred: Cash price $71000 Sales taxes 2700 Insurance during transit 800 Installation and testing 850 Total costs $75350 Cullumber will record the acquisition cost of the equipment as $74500. $73700. $75350. $71000.

provide him with cost data on the company's elevator. This information is presented below. Old Elevator New Elevator Purchase price $103,000 $159,000 Estimated salvage value 0 0 Estimated useful life 5 years 4 years Depreciation method Straight-line Straight-line Annual operating costs other than depreciation: Variable Fixed $35,800 $10,000 23,300 8,600 Annual revenues are $240,000, and selling and administrative expenses are $30,000, regardless of which elevator is used. If the old elevator is replaced now, at the beginning of 2022, Richter Condos will be able to sell it for $24,300. (a) Determine any gain or loss if the old elevator is replaced. $