Carpenter Company purchased equipment for $12,000.Sales tax on the purchase was $600.Other costs incurred were freight charges of $240, repairs of $420 for damage during installation, and installation costs of $270.What is the cost of the equipment?

Question

Quizplus · Accepted Answer

The cost of the equipment would be:
Purchase price + sales tax + freight + repairs + installation
= $12,000 + $600 + $240 + $420 + $270
= $13,530

Carpenter Company Purchased Equipment for $12,000