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Chapter 10 Assignment 1. Kegler Bowling buys scorekeeping equipment with an invoice cost od $190,000. The electrical work required for the installation costs $20,000. Additional

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Chapter 10 Assignment 1. Kegler Bowling buys scorekeeping equipment with an invoice cost od $190,000. The electrical work required for the installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During installation, the equipment was damaged and the cost of repair was $1,850. What is the total recorded cost of the scorekeeping equipment? 2. On January 1, the Mathews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $2,000. During the first year, the band performs 45 concerts. Compute the first-year depreciation using a. the straight-line method b. the units of production method

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