Purchase price | 400000 |
Shipping costs | 11000 |
Foundation work | 7800 |
Water line | 3800 |
Labor and testing | 5100 |
Materials used in testing | 3700 |
Capitalized cost | 431400 |
Option D $431,400 is correct |
UUTUUUU. 10. Holiday Laboratories purchased a high-speed industrial centrifuge a Shipping costs totaled $11,000. Foundation work...
Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $460,000. Shipping costs totaled $13,700. Foundation work to house the centrifuge cost $7,400. An additional water line had to be run to the equipment at a cost of $3,700. Labor and testing costs totaled $5,200. Materials used up in testing cost $3,200. (Leave no cells blank. Enter O where needed.) a. What is the total cost of the equipment? Cost of the equipment b. How much of this amount...
1/ Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $500,000. Shipping costs totaled $19,000. Foundation work to house the centrifuge cost $8,000. An additional water line had to be run to the equipment at a cost of $2,200. Labor and testing costs totaled $6,800. Materials used up in testing cost $3,300. The capitalized cost is: Multiple Choice $540,200. $529,200. $539,300. $519,000. 2/ The balance sheets of Davidson Corporation reported net fixed assets of $342,000 at the end...
ACC206: Financial Accounting MCQ 2.0 1. HL Ltd purchased a high speed industrial equipment at a cost of $420,000. Shipping costs totalled $15,000. Foundation work has to be done to house the equipment at HL Ltd’s premises and costs $8,000. An additional water line had to be run to the equipment at a cost of $3,000. Labour and testing costs totalled $6,000. Materials used up in testing cost $3,000. Under FRS 16 Property, Plant and Equipment , the capitalised cost...