By how much will cullumber increase its equipment account, Financial Accounting

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By how much will cullumber increase its equipment account

Problem

Cullumber Flowers purchased a delivery van with a $64000 list price. The companywas given a $6200 cash discount by the dealer and paid $3400 sales tax. Annual insurance on the van is $1400. As a result of the purchase, by how much will Cullumber increase its Equipment account?

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Financial Accounting: By how much will cullumber increase its equipment account

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