1. 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?

2. Known liabilities:

-a. Include accounts payable, notes payable, and payroll

-b. Are obligations set by agreements, contracts, or laws

-c. Are measurable

-d. Are definitely determinable

-e. All of the choices are correct

Included DR Machinery Total cost DR Expense Excluded Invoice cost Electric al work required for installation Delivery costs Sales tax Repair costs $ 190,000 20,000 4,000 13,700 1,850 $229,550 Total