20) (C) Land
Explanation:
( Land does not depreciate over a period of time and continues to provide a service. Where as Building, Land Improvement and equipment depreciate over its life time hence option (c) is thn only correct answer.)
21) (D) $ 59870
Explanation:
Truck Cost | $54,300 |
Sales Tax | $3700 |
Logo | $1600 |
Safety testing | $270 |
Total Cost | $59870 |
Cost will includ all items which are necessary to place the truck in service.
Licence is not necessary to place the truck in service, hence it is not included.
20. Which of the following plant assets does not decline in service potential over the course...
a new delivery truck for $54200?The sales taxes are $4400. The logo of the company is painted on the side of the truck for $1600. The truck icense is $170. The truck undergoes safety testing for $350. What does Marigold record as the cost of the new truck? $60550 $60200 $60720
Question 21 Blossom Company purchases a new delivery truck for $45000. The sales taxes are $2000. The logo of the company is painted on the side of the truck for $1000. The truck's annual license is $100. The truck undergoes safety testing for $210. What does Blossom record as the cost of the new truck? $48310. 48210 $47000 $46210 Click If you would like to show Work for this question: Open Show. Work
ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NE Multiple Choice Question 66 Wildhorse Co. purchases a new delivery truck for $74000. The sales taxes a $2000. The logs of the company is painted on the side of the truck for $1600. The truck's annual license is $140. The truck undergoes safety testing for $270. What does Wildhorse record as the cost of the new truck O $77870 $75870 $78010 $76000 TO TEXT Question Attempts of weed
Journal Entries for Plant Assets Stellar Delivery Service had the following transactions related to its delivery truck: Year 1 Mar. 1 Purchased for $32,500 cash a new delivery truck with an estimated useful life of five years and a $6,850 salvage value. Mar. 2 Paid $600 for painting the company name and logo on the truck. Dec. 31 Recorded depreciation on the truck for the year. Year 2 July 1 Installed air conditioning in the truck at a cost of...
Accounting for Plant Assets Stellar Delivery Service had the following transactions related to its delivery truck: Year 1 Mar. 1 Purchased for $81,250 cash a new delivery truck with an estimated useful life of five years and a $17,125 salvage value. Mar. 2 Paid $1,500 for painting the company name and logo on the truck. Dec. 31 Recorded depreciation on the truck for the year. Year 2 July 1 Installed air conditioning in the truck at a cost of$4,520 cash....