1 Exercise 8-1 Cost of plant assets LO C1 1.11 points Rizio Co. purchases a machine for $13.000, terms 1/10, 1/60. FOB shipping point. Rizio paid within the discount period and took the $130 discount. Transportation costs of $294 were paid by Rizio. The machine required mounting and power connections costing $899. Another $424 is paid to assemble the machine and $40 of materials are used to get it into operation. During installation, the machine was damaged and $295 worth of repairs were made. X 03:27:51 Complete the below table to calculate the cost recorded for this machine. Skipped Amount Included in Cost of Equipment: Invoice price of machine eBook Net purchase price ol Hint Print References Total cost to be recorded S 2 points Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below. Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $47,500. The machine's useful life is estimated at 10 years, or 405.000 units of product, with a $7.000 salvage value. During its second year, the machine produces 34.500 units of product. 03-27-37 Skipped Exercise 8-5 Units-of-production depreciation LO P1 eBOOK det Determine the machine's second-year depreciation using the units-of-production method. Hint Choose Numerator: Units-of-production Depreciation Choose Denominator: Annual Depreciation Expense = Depreciation expense per unit Print Depreciation Expense References Year Annual Production (units) 2 3 Part 1 of 2 Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $272,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $20.000. 1.11 points 8 03:27-25 Skipped Exercise 8-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. eBook Straight-Line Depreciation Choose Numerator: Choose Denominator: Hint Annual Depreciation Expense Depreciation expense = 0 Print Year Annual Depreciation Year-End Book Value Year 1 Year 2 Year 3 References Year 4 Total s