Question

Cheshire Ltd has acquired manufacturing equipment and incurred the following
expenses in doing so -

© 125% . Očans R D G Ś 12 127 6 0 B 放大 实际大小口适合页面,顺时针逆时针旋转文档 上一页 下一页 连续动。 A30. Cheshire Ltd has acquired manufacturing equipment and incurred the following expenses in doing so - Gross invoice price, net of GST (subject to terms of 2/10,n/30) $9 000 Transportation costs to get equipment to factory $1 000 Special permit to allow wide load on freeway $ 300 Speeding ticket incurred by company driver after delivering equipment to the factory $ 150 The equipment should be recorded in Cheshire Ltd's records at: (a) $10 450 $10 300 $10 150 $10 000 $ 9 300 1259

Answer 1

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Ans - A30 Amount in a Cheshina Lid's - 7 The equipment should be recorded in Meconds at : (b) $.20,300 ch Workings: Items Amouat ci Circoss Invoice porile, net of GST : $ 9000 (1) Transportation cost to get equipment to factory : $ 1,000 (1) Special permit to allow wide load on freeway : $ 300 TV Speeding ticket incurred by driver aften derivery: $ - $ 1300 Nok & As per cost Accounting Standard equipment cost should be reconded which has incurred upto the place of delivery c. Landech cost . . & speeding ticket incurred by company driver after delivery of equipment to the factory should not be included in cost of equipment, as this cost is not incurred during the equipment brought to the place of delivery i This cost should be directly chargeable to company's - profit and Lois account.

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