Question

Can anyone help with this problem below? It's accounting

Workshop 4 Problems Student Q Search Shoot + View Doo Home Insert Page Layout Formulas Data Xcut Calibri (Body) - 12 - A- Ay Pasteramat BIU. . .A . G11 XVfx Review = AutomA - E Wrap Text General Ay. - Morge & Carter $ % ) Conditional Format Formatras To Check Cell Insert Dolete Format Clear Fiter MN 2 pts. each - 18 pts. 1 4.5 Determining the total costs to include to capitalize an asset Points: 4 items 2 Directions. Determine the amount to be capitalized in the asset account for the purchase of the truck 5 Background information: Donald purchased a moving CR 10 move Micky to Alaska. The truck G had a list price of $250.000. Donald was able to negotiate a 3.25% because he was able to pay cash for the purchase 7 The truck needed shipped and the freight cost were $3.000. The specialist fee for the transaction 8 was $1.500. Donald is payire someone $45,000 to load the truck and more Mickey. He also purchased 9 a $10,000 insurance policy. The truck has an expected life of years with a salvage value of $3.000 13 Ust Price Less: Discount Freight Cost 15 Specialist Fee 17 Total Costs 20 slitestes 22 What Costs Are Included in Property, plant, & Equipment? Problem 4.1 Problem 4.2 Problem 4.3 Problem 44 Problem 4.5 Problem 4.6 Ready E M - + 100%

Answer 1

Solution:

Cost that are to be capitalized:
List Price	150000
Less: Discount (150000*3.25%)	-4875
Freight Cost	3000
Specialist Fee	1800
Total Costs	149925