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Question
rains company purchased equipment on january 1 at a list price of $50,000, with credit terms 2/10, n/30. payment was made within the discount period. rains paid $2,500 sales tax on the equipment, and paid installation charges of $880. prior to installation, rains paid $2,000 to pour a concrete slab on which to place the equipment. what is the total cost of the new equipment?
a.$52,380
b.$54,380
c.$55,380
d.$50,500
Answer
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