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Blossom Limited purchased four articulated robots on account on May 1 , 2 0 2 4 , at an invoice price of $ 5 4
Blossom Limited purchased four articulated robots on account on May at an invoice price of $ On May it paid $ for delivery of the robots. A oneyear, $ insurance policy on the robots was purchased on May On May Blossom paid $ for assembly, installation and testing of each robot on a production line. The robots started operating or were ready for use on July
Blossom estimates the useful life of the robots will be four years or units with a residual value of $ Assume the robots collectively produce the following numbers of units each year: units in ; units in ; units in ; units in ; and units in Blossom has a December year end.
a
Determine the total cost of the robots.
Cost of the robots $
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