On March 1, Wright Company purchased new equipment for $60,000 by paying cash. Other costs associated with the equipment were: transportation costs, $3,000; sales tax paid $5,000; and installation cost, $4,500. At what amount will the equipment be recorded on a balance sheet

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner