On Jan. 1, 2021, Manama Company purchased an equipment at a price of $100,000 and paid tax of 10% of this price. Manama Company paid $2,500 for power connections and $6,000 to assemble the equipment. During installing the equipment, a small damage occurred and repaired for a cost of $500. The equipment's cost is: OA.$ 100,000 OB. $ 119,000 OC$ 118,500 OD.$ 109,000

On Jan. 1, 2021, Manama Company purchased an equipment at a price of $100,000 and paid tax of 10% of this price. Manama Company paid $2,500 for power connections and $6,000 to assemble the equipment. During installing the equipment, a small damage occurred and repaired for a cost of $500. The equipment's cost is: OA.$ 100,000 OB. $ 119,000 OC$ 118,500 OD.$ 109,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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