The Grayson Corp, buys some equipment for use in its factory. It pays $10,000 to the vendor of the equipment. It pays $500- for shipping. It pays $400 to mount the equipment and get it ready for use. It then pays $300 for property insurance as the cost of the equipment? $10,000 $10, 400 $10, 500 $10, 900 $11, 200 Which of the following statements about the FASB rules for accounting for costs related to research and development is correct? All software development costs must be expensedShow transcribed image text The Grayson Corp, buys some equipment for use in its factory. It pays $10,000 to the vendor of the equipment. It pays $500- for shipping. It pays $400 to mount the equipment and get it ready for use. It then pays $300 for property insurance as the cost of the equipment? $10,000 $10, 400 $10, 500 $10, 900 $11, 200 Which of the following statements about the FASB rules for accounting for costs related to research and development is correct? All software development costs must be expensed
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