Question

Tyson Chandler Company purchased equipment for $10,000. Sales tax on the purchase was $500. Other costs incurred were freight charges of $200, repairs of $350 for damage during installation, and installation costs of $225. What is the cost of the equipment?

Answer 1

The cost of the equipment is $11,275.

Step-by-step explanation:

The cost of the equipment can be calculated by adding up the purchase price, sales tax, freight charges, repairs, and installation costs.

Cost of equipment = Purchase price + Sales tax + Freight charges + Repairs + Installation costs

= $10,000 + $500 + $200 + $350 + $225

= $11,275

Therefore, the cost of the equipment is $11,275.