cost of equipment?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![- Keep questions specific and include all
details.
On February 1,2021, the entity purchased equipment amounting to P400,000 with
2/10 n/30 terms. The delivery cost is P100,000 . The entity paid after 30 days. How
much is the cost of equipment?
O 392,000
O 400,000
O 492,000
O 500,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82a4b2d7-209d-410b-996d-e76d91dffcbf%2F606f77c5-7c40-4f0c-a783-35df9904b30b%2Fmc8von_processed.jpeg&w=3840&q=75)
Transcribed Image Text:- Keep questions specific and include all
details.
On February 1,2021, the entity purchased equipment amounting to P400,000 with
2/10 n/30 terms. The delivery cost is P100,000 . The entity paid after 30 days. How
much is the cost of equipment?
O 392,000
O 400,000
O 492,000
O 500,000
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