Homework Answers
| Total cost | Included/Excluded | DR Machinery | DR Expense | |
| Invoice cost | 180000 | Included | 180000 | |
| Electrical work required for installation | 18000 | Included | 18000 | |
| Delivery costs | 3600 | Included | 3600 | |
| Sales tax | 12900 | Included | 12900 | |
| Repair costs | 1760 | Excluded | 1760 | |
| Total | 216260 | 214500 | 1760 |
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Help Save&Exit Submit Quique purchased and installed a new machine in their factory with an invoice...
Cost of plant assets Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $190,000....
Cost of plant assets Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $1,850. What is the total recorded cost of the automatic scorekeeping equipment? Revenue and capital expenditures...
Colt Company purchased a machine for use in it operations that had an invoice price of...
Colt Company purchased a machine for use in it operations that had an invoice price of $70,000, excluding sales tax. A 6% sales tax was levied on the sale. Terms were net 30. the company paid a total cost of $4,600 for hauling the machine from the dealer's warehouse to the company's plant Company, and this $4,600 included a fine of $600 for failure to secure the proper permits to use city streets in transporting the machine. In delivering the...
im confused because they give you the units of production but how do you solve the...
im confused because they give you the units of production but
how do you solve the rest?
* M MHE Reader X Navigating Connect and Complex + wameducation.com/a/pub/sn co7Owepubc962F6%2F440%5Bdata-uuid-290d61b65536407aa2b726b5573b09b%5DZEN am B OASIS Login Connect - Class: Ac Sports Jobs - Team.. M Gmail YouTube Maps S data-uuid acid a WA QUICK STUDY a connect QS 10-1 Cost of plant assets ci Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the installation costs...
Reuben, LTD. acquired an assembly machine at an invoice cost of $ 295 comma 000 during...
Reuben, LTD. acquired an assembly machine at an invoice cost of $ 295 comma 000 during the current year. The delivery cost was $ 870 and installation costs amounted to $ 1 comma 870. The machine required a separate electrical line that cost $ 1 comma 300 to install. During the installation, a negligent employee damaged an exterior wall attached to the assembly shop. The company paid $ 1 comma 270 to repair the wall. What is the acquisition cost...
Here is the problem: Colt Company purchased a machine for use in it operations that had...
Here is the problem: Colt Company purchased a machine for use in it operations that had an invoice price of $70,000, excluding sales tax. A 6% sales tax was levied on the sale. Terms were net 30. the company paid a total cost of $4,600 for hauling the machine from the dealer's warehouse to the company's plant Company, and this $4,600 included a fine of $600 for failure to secure the proper permits to use city streets in transporting the...
Aurora Company is considering the purchase of a new machine. The invoice price of the machine is ...
Aurora Company is considering the purchase of a new machine. The invoice price of the machine is $140,000, freight charges are estimated to be $4,000, and installation costs are expected to be $6,000. Salvage value of the new equipment is expected to be zero after a useful life of 5years. Existing equipment could be retained and used for an additional 5 years if the new machine is not purchased. At that time, the salvage value of the equipment would be...
5) Mandy Manufacturing purchased a machine on August 1, 2014, and it was installed and ready...
5) Mandy Manufacturing purchased a machine on August 1, 2014, and it was installed and ready to run on January 1, 2015. The following costs were incurred in the purchase and installation of the machine. Invoice price $ 1,300,000 Freight costs 7.000 Purchase discount 2.500 Installation costs 66,000 Electrical and power connections 32,000 Repairs to correct damage incurred during uncrating 12.000 Adjustment costs 36,000 Spare parts for future use 25,000 Provincial sales tas 91.000 Fines incurred during the transport and...
C7.61 Castle Company is considering the purchase of a new machine. The invoice price of the...
C7.61 Castle Company is considering the purchase of a new machine. The invoice price of the machine is $150,000, freight charges are estimated to be $6,000, and installation costs are expected to be $4,000. The salvage value of the new equipment is expected to be zero after a useful life of four years. The company could retain the existing equipment and use it for an additional four years if it doesn't purchase the new machine. At that time, the equipment's...
1:00 1:00 Knowledge Check 01 Silver Company purchased a machine for use in the business. The...
1:00 1:00 Knowledge Check 01 Silver Company purchased a machine for use in the business. The purchase price was $55,000 and the related sales tax totaled $500 Sliver paid $1,000 to have the machine delivered to its factory and $2.000 to have it assembled. Over the five-year life of the machine. maintenance cost of $800 will be incurred annually What is the capitalized cost of this asset? PreN 456 10 of 10 Next> Knowledge Check 01 Manning Company purchased a...
A manager is trying to decide whether to buy one machine or two. If only one machine is purchased and demand proves to be excessive, the second machine can be purchased later. Some sales would be los...
A manager is trying to decide whether to buy one machine or two. If only one machine is purchased and demand proves to be excessive, the second machine can be purchased later. Some sales would be lost, however, because the lead time for delivery of this type of machine is six months. In addition, the cost per machine will be lower if both machines are purchased at the same time. The probability of low demand is estimated to be 0.20...
Colt Company purchased a machine for use in it operations that had an invoice price of $70,000, excluding sales tax. A 6% sales tax was levied on the sale. Terms were net 30. the company paid a total cost of $4,600 for hauling the machine from the dealer's warehouse to the company's plant Company, and this $4,600 included a fine of $600 for failure to secure the proper permits to use city streets in transporting the machine. In delivering the...
im confused because they give you the units of production but
how do you solve the rest?
* M MHE Reader X Navigating Connect and Complex + wameducation.com/a/pub/sn co7Owepubc962F6%2F440%5Bdata-uuid-290d61b65536407aa2b726b5573b09b%5DZEN am B OASIS Login Connect - Class: Ac Sports Jobs - Team.. M Gmail YouTube Maps S data-uuid acid a WA QUICK STUDY a connect QS 10-1 Cost of plant assets ci Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the installation costs...
5) Mandy Manufacturing purchased a machine on August 1, 2014, and it was installed and ready to run on January 1, 2015. The following costs were incurred in the purchase and installation of the machine. Invoice price $ 1,300,000 Freight costs 7.000 Purchase discount 2.500 Installation costs 66,000 Electrical and power connections 32,000 Repairs to correct damage incurred during uncrating 12.000 Adjustment costs 36,000 Spare parts for future use 25,000 Provincial sales tas 91.000 Fines incurred during the transport and...
1:00 1:00 Knowledge Check 01 Silver Company purchased a machine for use in the business. The purchase price was $55,000 and the related sales tax totaled $500 Sliver paid $1,000 to have the machine delivered to its factory and $2.000 to have it assembled. Over the five-year life of the machine. maintenance cost of $800 will be incurred annually What is the capitalized cost of this asset? PreN 456 10 of 10 Next> Knowledge Check 01 Manning Company purchased a...
A manager is trying to decide whether to buy one machine or two. If only one machine is purchased and demand proves to be excessive, the second machine can be purchased later. Some sales would be lost, however, because the lead time for delivery of this type of machine is six months. In addition, the cost per machine will be lower if both machines are purchased at the same time. The probability of low demand is estimated to be 0.20...
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