Yang Company Purchased Equipment on January 1 at a List

question 94

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

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Definitions:

Support Group

A gathering of individuals who share common experiences or concerns, providing mutual emotional and moral support.

Hostility

An expressed feeling of anger, aggression, or opposition towards others or towards specific ideas or situations.

Therapeutic

Pertaining to the healing of disease or maintenance of health, often used to describe treatments or activities that improve well-being.

Group Leader

An individual who guides, directs, or commands a group, often within contexts like therapy groups, educational settings, or team projects.