A company purchased equipment on June 28 of the current year and placed it in service on August 1. The following costs were incurred in acquiring the equipment: 
Determine the amount to be recorded as cost for the equipment.
Definitions:
Cartilaginous
Describing a type of tissue that is not as hard as bone but provides flexibility and support; it is found in areas like the ears, nose, and joints.
Complex
A group of interconnected entities or a composite material formed from two or more substances with combined properties.
Ball and Socket
A type of joint that allows for rotational movement, as seen in the hip or shoulder joint.
Multiaxial
Describing joints that allow movement around multiple axes and planes.
Q6: Collusion is a form of fraud where
Q31: Flack Company receives a $20,000, 8%, 180
Q48: Umber Company's bank reconciliation for September is
Q145: Jasper makes a $25,000, 90-day, 7% cash
Q151: Axle Co's accounts receivable turnover was 9.9
Q152: A company had average total assets of
Q159: Portia Grant is an employee who is
Q172: The following account balances are taken from
Q187: The consistency concept prescribes that a company
Q232: Extraordinary repairs:<br>A)Are revenue expenditures.<br>B)Extend the useful life