Multiple Choice
Tolleson Enterprises buys a computer system for $2,400,000 and pays the vendor $160,000 to install the computer system.Tolleson should record:
A) $2,400,000 as equipment and $160,000 as expenses.
B) $2,560,000 as expenses.
C) $2,240,000 as equipment and the rest as expenses.
D) $2,560,000 as equipment.
Correct Answer:
Verified
Correct Answer:
Verified
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