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| York Industries | ||
| Units of production method | Amount $ | Note |
| List price | 75,000.00 | |
| Less: Sales tax | (6,488.00) | |
| Add: Insurance on shipping | 7,500.00 | |
| Add: Product warranty | 2,500.00 | |
| Add: Installation | 4,405.00 | |
| Add: Testing | 6,607.00 | |
| Cost of equipment | 89,524.00 | A |
| Less: Residual Value | 10,000.00 | B |
| Depreciable Value | 79,524.00 | C=A-B |
| Expected copies | 3,600,000.00 | D |
| Depreciation rate per copy | 0.022 | E=C/D |
| Copies done in 2010 | 700,000.00 | F |
| Depreciation for 2010 | 15,463.00 | G=F*E |
| Copies done in 2011 | 900,000.00 | H |
| Depreciation for 2011 | 19,881.00 | I=H*E |
| Copies done in 2012 | 1,000,000.00 | J |
| Depreciation for 2012 | 22,090.00 | K=J*E |
| Copies done in 2013 | 600,000.00 | L |
| Depreciation for 2013 | 13,254.00 | M=L*E |
| Copies done in 2014 | 400,000.00 | N |
| Depreciation for 2014 | 8,836.00 | O=N*E |
| Book value at the end of 2014 | 10,000.00 | P=A-G-I-K-M-O |
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Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made within the discount period. Blossom paid $3000 sales tax on the equipment and pal installation charges of $1500. Prior to installation, Blossom paid $3000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? $107500 $105500 $100000 $103000. Click if you would like to Show Work for this question:...
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