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ABC Company acquired manufacturing equipment at an invoice price of $80,000 and paid $750 to have it delivered to the factory. $400 was spent to
ABC Company acquired manufacturing equipment at an invoice price of $80,000 and paid $750 to have it delivered to the factory. $400 was spent to repair a door that was damaged while installing the equipment. At what amount should this equipment be recorded on the companys books?
a. $80,000
b. $80,400
c. $80,750
d. $81,150
My Question: I know that the invoice price and cost for transporting the equipment is included but why is the $450 for repairing the door not included in the price?
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