Question

beaverton lumber purchased milling equipment for $35,000. in addition to the purchase price, beaverton made the following expenditures: freight, $1,500; installation, $3,000; testing, $2,000; personal property tax on the equipment for the first year, $500. what is the initial cost of the equipment?

Answer 1

$41500

Step-by-step explanation:

The initial cost of equipment is the total sum of the equipment price, freight charges, installation, and testing

35000+1500+3000+2000
41500