On July 1, 2016, alpha company negotiated the purchase of a new piece
On July 1, 2016, alpha company negotiated the purchase of a new piece
of equipment with the seller Zulu company. The equipment was listed for $200,000. Smooth talking alpha was able to negotiate the purchase price and acquired the equipment at $175,000. Alpha company completed the purchase transaction on July 1. Additionally, Alpha was entitled to a 1% discount if it paid for the equipment within 10days. After completing the purchase, bravo company, third party, offered Alpha, $185,000 for this equipment. What amount should Alpha company record the equipment purchase at if payment is made by July 11?