Multiple Choice
On March 1,Chapine Company purchased a new stamping machine for $5,000.Chapine paid cash for the machine.Other costs associated with the machine were: transportation costs,$300; sales tax paid,$200; and installation cost,$100.What cost was recorded for the machine?
A) $5,000
B) $5,200
C) $5,500
D) $5,600
Correct Answer:
Verified
Correct Answer:
Verified
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