Question

Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2024. Edison purchased the equipment from International Machines at a cost of $124,782. What is the cost of the equipment purchased by Edison?

1) $124,782
2) $124,783
3) $124,781
4) $124,780

Answer 1

The cost of the equipment purchased by Edison Leasing is $124,782, which is the correct amount stated in the question and the correct answer choice is option 1.

Step-by-step explanation:

The cost of the high-tech electronic equipment purchased by Edison Leasing from International Machines, as stated in the question, is $124,782.

This question is a straightforward identification of factual data provided within the text of the question, and the student has to select the correct amount from the choices given. The correct choice is: 1) $124,782.