Equipment was purchased for $94,029 plus $1,865 in freight charges. Installation costs were $4,431 and sales...
Equipment was purchased for $94,029 plus $1,865 in freight charges. Installation costs were $4,431 and sales tax totaled $4,188. The increase in net working capital was $2,822. What is this asset's depreciable basis? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO THE NEAREST DOLLAR (e.g. 1250).
Homework Answers
| Purchase price | 94,029 |
| Freight charges | 1,865 |
| Installation cost | 4,431 |
| Sales tax | 4,188 |
Depreciable basis = 104,513
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Equipment was purchased for $94,029 plus $1,865 in freight charges. Installation costs were $4,431 and sales...
Equipment was purchased for $94,029 plus $1,865 in freight charges. Installation costs were $4,431 and sales...
Equipment was purchased for $94,029 plus $1,865 in freight charges. Installation costs were $4,431 and sales tax totaled $4,188. The increase in net working capital was $2,822. What is this asset's depreciable basis? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO THE NEAREST DOLLAR (e.g. 1250).
Equipment was purchased for $60,050 plus $1,123 in freight charges. Installation costs were $2,128 and sales...
Equipment was purchased for $60,050 plus $1,123 in freight charges. Installation costs were $2,128 and sales tax totaled $5,453. The increase in net working capital was $4,829. What is this asset's depreciable basis? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO THE NEAREST DOLLAR (e.g. 1250).
Equipment was purchased for $73,200 plus $1,308 in freight charges. Installation costs were $4,960 and sales...
Equipment was purchased for $73,200 plus $1,308 in freight charges. Installation costs were $4,960 and sales tax totaled $4,482. The increase in net working capital was $3,176. What is this asset's depreciable basis?
Equipment was purchased for $71,801 plus $1,538 in freight charges. Installation costs were $4,766 and sales...
Equipment was purchased for $71,801 plus $1,538 in freight charges. Installation costs were $4,766 and sales tax totaled $4,817. The increase in net working capital was $2,215. What is this asset's depreciable basis?
Bramble Corp. purchased factory equipment with an invoice price of $79,100. Other costs incurred were freight...
Bramble Corp. purchased factory equipment with an invoice price of $79,100. Other costs incurred were freight costs, $1,130; installation wiring and foundation, $2,120; material and labor costs in testing equipment, $880; oil lubricants and supplies to be used with equipment, $820; fire insurance policy covering equipment, $1,500. The equipment is estimated to have a $6,000 salvage value at the end of its 10-year useful service life. Compute the acquisition cost of the equipment. Acquisition cost of the equipment (Round answer...
Blossom Company purchased factory equipment with an invoice price of $81,900. Other costs incurred were freight cos...
Blossom Company purchased factory equipment with an invoice price of $81,900. Other costs incurred were freight costs, $1,040; installation wiring and foundation, $2,500; material and labor costs in testing equipment, $800; oil lubricants and supplies to be used with equipment, $680; fire insurance policy covering equipment, $1,710. The equipment is estimated to have a $6,000 salvage value at the end of its 8-year useful service life. Compute the acquisition cost of the equipment. Acquisition cost of the equipment (Round answer...
QUESTION 10 On September 28, Reeve Incorporated purchased equipment with a purchase price of $39,787 plus...
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ABC, Inc. purchased an equipment at time=0 for $45,336. The shipping and installation costs were $5,609. The equipment is classified as a 5-year MACRS property. The investment in net working capital at time=0 was $11,997 which would be recouped at the end of the project. The project life is four years. At the end of the fourth year, the company will sell the equipment for $10,406. The annual cash flows are $34,514. What is the cash flow of the project...
ABC, Inc. purchased an equipment at time=0 for $83,515. The shipping and installation costs were $24,451....
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ABC, Inc. purchased an equipment at time=0 for $140,132. The shipping and installation costs were $15,535. The equipment is classified as a 7-year MACRS property. The investment in net working capital at time=0 was $14,402 which would be recouped at the end of the project. The project life is six years. At the end of the sixth year, the company will sell the equipment for $6,548. The annual cash flows are $95,121. What is the cash flow of the project...
Bramble Corp. purchased factory equipment with an invoice price of $79,100. Other costs incurred were freight costs, $1,130; installation wiring and foundation, $2,120; material and labor costs in testing equipment, $880; oil lubricants and supplies to be used with equipment, $820; fire insurance policy covering equipment, $1,500. The equipment is estimated to have a $6,000 salvage value at the end of its 10-year useful service life. Compute the acquisition cost of the equipment. Acquisition cost of the equipment (Round answer...
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