Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save&Exit Submit Quique purchased and installed a new machine in their factory with an invoice cost of $180,000. The electrical work required for the

image text in transcribed
Help Save&Exit Submit Quique purchased and installed a new machine in their factory with an invoice cost of $180,000. The electrical work required for the installation costs $18,000. Additional costs are $3,600 for delivery and $12,900 for sales tax. During moving the machine from Quique's receiving dock to the factory assembly line for installation, one of Quique's workers carelessly dropped the machine of the forklift and the machine was damaged when it hit the floor. The cost of repairing the machine was $1,760 What is the total recorded cost of the automatic scorekeeping equipment? Total cost Excluded DR Machinery UR Expense Invoice cost Electrical work required for installation Delivery costs Sales tax 180,000 18.000 3,600 12.900 1,760 216,260 Repair costs command option

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Assurance & Consulting Services

Authors: Kurt F Reading, Paul J Sobel, Urton L Anderson, Michael J Head, Sri Ramamoorti

1st Edition

ISBN: 0894136100, 9780894136108

More Books

Students also viewed these Accounting questions

Question

Explain the characteristics of an effective appraisal system.

Answered: 1 week ago

Question

Describe the various performance appraisal methods.

Answered: 1 week ago

Question

Define performance appraisal.

Answered: 1 week ago