Yang Company purchased equipment on January 1 at a list price of ¥750,000, with credit terms 2/10, n/30. Payment was made within the discount period and Yang was given a ¥15,000 cash discount. Yang paid ¥37,500 sales tax on the equipment, and paid installation charges of ¥13,200. Prior to installation, Yang paid ¥30,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?

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The Answer of Yang Company purchased equipment on January 1 at a list price of ¥750,000, with credit terms 2/10, n/30. Payment was made within the discount period and Yang was given a ¥15,000 cash discount. Yang paid ¥37,500 sales tax on the equipment, and paid installation charges of ¥13,200. Prior to installation, Yang paid ¥30,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?

Yang Company Purchased Equipment on January 1 at a List