Corrieten Company purchased equipment and incurred these costs:
|
Cash price |
$24,000 |
|
Sales taxes |
1,200 |
|
Insurance during transit |
200 |
|
Installation and testing |
400 |
|
Total costs |
$25,800 |
What amount should be recorded as the cost of the equipment?
(a) $24,000.
(b) $25,200.
(c) $25,400.
(d) $25,800.