Question
Equipment was purchased for $94,029 plus $1,865 in freight charges. Installation costs were $4,431 and sales tax totaled $4,188. The increase in net working capital
Equipment was purchased for $94,029 plus $1,865 in freight charges. Installation costs were $4,431 and sales tax totaled $4,188. The increase in net working capital was $2,822. What is this asset's depreciable basis? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ENTER YOUR ANSWER TO THE NEAREST DOLLAR (e.g. 1250).
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College Accounting Ch 1-14
Authors: John Wild, Vernon Richardson, Ken Shaw
1st Edition
0073346896, 9780073346892
