Accident insurance for transport of the equipment


Berger Company purchased equipment having an invoice price of $22,500. The terms of sale were 3/10, n/60, and Berger paid within the discount period. In addition, Berger paid a $235 delivery charge, $615 installation charge, and $1,528 sales tax. Berger paid for optional accident insurance for transport of the equipment amounting to $35. The amount recorded as the cost of this equipment is:

$24,913

$24,878

$24,238

$24,203

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Accounting Basics: Accident insurance for transport of the equipment
Reference No:- TGS0519847

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