Question
1. The following costs relate to Fili Companys new equipment to be used in its manufacturing operations: Purchase cost (including, $12,000 freight and $13,000 of
1.
The following costs relate to Fili Companys new equipment to be used in its manufacturing operations:
Purchase cost (including, $12,000 freight and $13,000 of taxes): $380,000
Installation costs: $19,000
Training costs: $ 9,900
Repair and maintenance during assets life: $21,000
Cost of rebuilding motors, which resulted to the extension of assets useful life: $142,000
How much of the costs shall be capitalized by Fili Company?
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Fixed Income Markets And Their Derivatives
Authors: Suresh Sundaresan
3rd Edition
0123850517, 978-0123704719
