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Equipment is purchased for a value of $ 572,000.00, ground freight is incurred $ 8,000.00, installation and testing costs of $ 15,000.00, in cash, with
Equipment is purchased for a value of $ 572,000.00, ground freight is incurred $ 8,000.00, installation and testing costs of $ 15,000.00, in cash, with a recovery value of $ 35,000.00 and an estimated useful life of 5 years or 1,250,000 units of useful life productive. 1st year 350,000 units 2nd year 330,000 units 3rd year 300,000 units 4th year 270,000 units. What is the amount in the accounting record of the purchase of the equipment in cash.
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