Question
Bake Shop bought a new air-conditioning system when the old one stopped working. The invoice price of the system was 40,000. David's also had the
Bake Shop bought a new air-conditioning system when the old one stopped working. The invoice price of the system was 40,000.
David's also had the following expenses associated with the purchase:
| Delivery charge | $1,925 |
| Installation | $3,253 |
| Power to run the system for the first year | 1,275 |
What amount should David's record on the books for this air-conditioning system?What amount should David's record on the books for this air-conditioning system?
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Auditing The Art And Science Of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
15th Canadian Edition
0136692087, 9780136692089
