On November 1, 2025, PANTHER Enterprises purchased a piece o…
On November 1, 2025, PANTHER Enterprises purchased a piece of factory equipment and paid the following costs: Cash purchase price $392,000 Sales taxes $31,360 Insurance during transit $2,800 Installation $10,080 Annual maintenance fees $1,680 What amount should be recorded by Panther as the cost of the equipment?