Cora on Company purchased an asset with a list price of $14,000. Cora on paid $500 of transportation-in cost, $800 to train an employee to operate the equipment, and $22 to insure the asset against theft after it has been set up in the factory. The asset was purchased under the terms 1/2030 And Corazon

paid for the asset within the discount period. Based on this information, Corazon would capitalize the asset on it's books at?

Mile Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $100,000. The seller agreed to allow a 4 percent discount because Mile Milling paid cash. Dellivery terms were FOB shipping point. Freight cost amounted to $500. Mile Milling had to hire a consultant to train an employee to operate the loader. The training fee was $1,000. The loader operator is paid an annual salary of $30,000. The cost of the company's theft insurance policy increased by $800 per year as a result of acquiring the loader