Question
18) Duchess Company had the following expenditures related to the purchase of machinery: Purchase Cost $16,400; Shipping Costs $450; Testing Costs $200; Installation Costs $370;
18) Duchess Company had the following expenditures related to the purchase of machinery: Purchase Cost $16,400; Shipping Costs $450; Testing Costs $200; Installation Costs $370; Sales Taxes $1,148; Oils needed to lubricate the machine during operations $150; and Annual inspection of machinery $250. When the machine is purchased, what total cost should be debited to the machine account?
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Auditing Theory
Authors: Ian Dennis
1st Edition
1138599700, 978-1138599703
