Answer:
$11,940
Explanation:
The computation of the paying amount is shown below:
= Sale value of the equipment - discount charges + freight charges
= $12,000 - $360 + $300
= $11,940
The discount charge is
= Sale value of the equipment × discount rate
= $12,000 × 3%
= $360
We simply deduct the discount and added the freight charges to the sale value of the equipment so that the actual value could arrive
