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Business, 18.06.2021 18:10 adriancastaneda

On 1/1, Florida Power and Light Energy bought a single piece of equipment by paying $7,000 cash. They also incurred freight charges and taxes of $224 on 1/1 and paid for these items with cash, also. The market value of this equipment is $13,000. What amount should be recorded in Florida Power and Light's Equipment Account on 1/1?

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On 1/1, Florida Power and Light Energy bought a single piece of equipment by paying $7,000 cash. The...
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