Question
Donald's Trampoline Park bought some new trampolines for its facility. Information is as follows: Invoice price = $95,000 Sales taxes = $7,500 Shipping Costs =
Donald's Trampoline Park bought some new trampolines for its facility. Information is as follows:
- Invoice price = $95,000
- Sales taxes = $7,500
- Shipping Costs = $1,000
- Installation Fees = $9,000
- Estimated Annual Maintenance Costs = $12,000
- Salvage Value = $0
What is the depreciable basis of the fixed asset that Donald will record on its books?
| a. | $95,000 | |
| b. | $112,500 | |
| c. | $107,000 | |
| d. | $109,500 |
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Comprehensive Assurance & Systems Tool
Authors: Laura R. Ingraham, Greg Jenkins
4th Edition
0134790472, 9780134790473
