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Gatineau Recently Purchased a New Set of Office Furniture for Their

Question 14

Multiple Choice

Gatineau recently purchased a new set of office furniture for their head offices.They incurred the following costs: invoice price $256,000, taxes $36,000, delivery charges $4,500, wages paid to employees for assembling the furniture $4,000.What is the cost of the office furniture for accounting purposes?


A) $292,000
B) $292,500
C) $296,500
D) $300,500

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