Dive 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 Dive was given a 15,000 cash discount. Dive paid ¥37,500 sales tax on the equipment, and paid installation charges of ¥13,200. Prior to installation, Dive paid ¥30,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? Select one: a. ¥830,700 b. ¥785,700 C. ¥757,500 d. ¥815,700

Dive 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 Dive was given a 15,000 cash discount. Dive paid ¥37,500 sales tax on the equipment, and paid installation charges of ¥13,200. Prior to installation, Dive paid ¥30,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? Select one: a. ¥830,700 b. ¥785,700 C. ¥757,500 d. ¥815,700

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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