Yang Company Purchased Equipment on January 1 at a List

Multiple Choice

Yang Company purchased equipment on January 1 at a list price of ¥500,000, with credit terms 2/10, n/30.Payment was made within the discount period and Yang was given a ¥10,000 cash discount.Yang paid ¥25,000 sales tax on the equipment, and paid installation charges of ¥8,800.Prior to installation, Yang paid ¥20,000 to pour a concrete slab on which to place the equipment.What is the total cost of the new equipment?

A) ¥523,800
B) ¥543,800
C) ¥553,800
D) ¥505,000